Hungary at risk because of eurozone debt crisis - Matolcsy

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Hungary is again in one of the riskiest positions of any country in the region because of the new crisis in the eurozone and the high level and unfavorable structure of its state debt, National Economy Minister György Matolcsy told Parliament's Economy and IT Committee on Monday.

Hungary's government earlier brought the country out of a crisis situation caused by eurozone debt troubles through efficient and unconventional economic policy, but many signs suggest the eurozone's new financial crisis could be worse than the previous one, Matolcsy said.

The government is aware of the crisis and is answering it, he said.

The government will continue the Széll Kálmán Plan, it will plug a HUF 100 billion gap in this year's budget and it will bring the general government deficit down to 2.5% of GDP next year, he said.

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