Does east follow west to the euro?
Fiscal slippage in Hungary has become entrenched. But will the package of measures outlined by Hungary’s government earlier this summer to deal with the country’s challenging economy be effective? “The jury is still very much out,” says Edward Parker, head of emerging Europe sovereigns at Fitch Ratings. “Even the definitions of the targets that the government is aiming for are not very clear, although this should be clarified in September.”
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