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ECB defends Simor’s salary

The European Central Bank has expressed its opinion about Hungary’s Fidesz government’s plans to substantially reduce the salaries of executives at the central bank MNB.

The ECB stated what was earlier expected, namely that the law prohibits any modification of the payments terms.

ECB added scolding passages to its statement noting that the Hungarian government should have never even presented proposal of the kind to the Parliament without first consulting on the matter with the European authority.

Should Hungary go against this, said ECB, it will challenge the bill in court. (Index)