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ECB says EU may sue Hungary over MNB row

The European Commission may take legal action against Hungary if the row over its central bank is not resolved, European Central Bank (ECB) President Jean-Claude Trichet said during ECB's monthly news conference.

"We were very unsatisfied with the position which was taken by the Hungarian government," Trichet said. The ECB has cautioned Hungary's center-right Fidesz government about not respecting the independence of the country's central bank.

"We have to study the case and see exactly what is the next legal step that would be optimum. I don't exclude any options, including of course the fact that the commission could move and sue," Trichet said, adding that it was not the ECB's decision.