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UniCredit SpA (UCG) Chief Executive Officer Federico Ghizzoni said the International Monetary Fund is “more positive” than it appears about its talks with Hungary on a possible aid deal for the country.
“They are a bit more positive than it appears in the papers,” Ghizzoni told journalists in Vienna last night, saying he met with a senior IMF official earlier this week. “Based on a realistic approach, meaning that Hungary cannot survive alone and Europe cannot have another Greece, eurozone or not, it’s indispensable to find a solution,” he said.
Ghizzoni, whose bank owns a unit operating in Hungary, said that it was time for Hungary to “start to negotiate seriously” and that he was sure a solution would be found “within the year.”
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