The truth about Asian investment banking
The money network:

The money network:

Why crowdfunding threatens traditional bank lending

May 2010

Hungary: New government says IMF plan fits too tightly

Fidesz party seeks to expand state spending limits; Analyst warns on dangers of political rhetoric


Hungary’s centre-right Fidesz party cruised to power in the first round of April’s parliamentary elections after securing more than 50% of the popular vote. And as Euromoney went to press it was seeking a two-thirds majority in the April 25 second round that would enable it to make sweeping changes to the constitution.

But the new administration has its work cut out in convincing the global financial community that it will show the type of fiscal rectitude necessary to impress the IMF and other lenders that bailed the country out to the tune of $27 billion in...


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