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”It is inexplicable why Hungary loses huge amounts of money on taking out more expensive loans in order to buy the MOL package while the country implements the strict austerities required by the IMF,” Tobias Schmidt, head of the leading rating agency Feri EuroRating Services told hvg.hu in an interview.
Schmidt is content with the performance of the whole Central-Eastern European region but added that a possible collapse in Western Europe would strongly impact the eastern countries, too.
Rich countries have to save those with a weaker performance ”at any cost”, Schmidt said.