EU Commissioner: Hungary has macro imbalances
Pierre Moscovici, EU commissioner in charge of economic and financial affairs, taxation and customs, late yesterday told journalists that an investigation found macroeconomic imbalances in Hungary that require decisive political measures and close monitoring.
"In particular, risks stemming from the still highly negative net international position, despite some progress in the rebalancing of external accounts, the high level of public debt as well as the high regulatory burden on financial sectors and a high level of non-performing loans which make the deleveraging difficult, continue to deserve attention," the European Commission said in a statement on the survey.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.