Sunday, June 6, 2010

Hungary the next Greece? Think again

The recent run on Wall Street was partly fuelled by a statement issued by a senior party official on the possibility that Hungary would be the next European economy after Greece to suffer a financial meltdown due to its burgeoning national debt. As this article from the magazine Foreign Policy contends, there are incentives in place that would motivate the new Hungarian government from distorting the true picture of its economy.
   

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