Bloomberg News

Hungary Sees Further EU Dispute on Central Bank, MTI Reports

February 17, 2012

Feb. 16 (Bloomberg) -- Hungary expects further debate with the European Union on a central bank law which obstructed talks on a bailout, news service MTI reported, citing Deputy Prime Minister Tibor Navracsics.

The government will send reponses to the European Commission tomorrow on so-called infringement procedures concerning the independence of the central bank, the judiciary and the data protection authority, the state-run news service said.

The government isn’t ready to yield on the issue of the central bank president’s salary cap and also sees further disagreement on the president’s required oath, Navracsics said. The Cabinet is willing to compromise however by allowing some judges to serve beyond the age of 62, MTI quoted the deputy premier as saying.

To contact the editor responsible for this story: Andras Gergely at agergely@bloomberg.net


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