Bloomberg News

Hungary ‘Disadvantaged’ by Dependence on Euro Area, Orban Says

October 24, 2011

Oct. 24 (Bloomberg) -- Hungary is “disadvantaged” by its dependence on the euro area, Prime Minister Viktor Orban said.

Hungary needs to reduce the government debt level and needs to “save” households from their foreign-currency loan burden, Orban said in a speech in Parliament today.

To contact the editor responsible for this story: Zoltan Simon at zsimon@bloomberg.net


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