Sunday, January 1, 2012

Hungary going its own way?


Parliament approves law seen as increasing political influence over central bank, in move seen as contrary to EU laws.

Read it at Al Jazeera
Hungary passes contentious central bank law

"The ECB has already voiced its concerns about the independence of Hungary's central bank, and EU and IMF officials left talks earlier this month saying that any bailout would be difficult to arrange if the legislation was to pass."

1 comment:

Anonymous said...

It's going its own way, towards authoritarianism.