Rehn cancels trip to Budapest over Cyprus concerns
European Commissioner for Economic and Monetary Affairs Olli Rehn has cancelled a planned visit to Budapest on Tuesday to address concerns over a bailout package for Cyprus, the National Economy Ministry's communications department said on Monday. Rehn was to have met with Prime Minister Viktor Orbán and National Economy Minister Mihály Varga. He was also slated to give a presentation on the effect of economic and monetary union on growth. The forint weakened with other currencies in the region on Monday on news that the bailout plan for Cyprus, worked out Saturday in Brussels, would involve levies on ordinary depositors.
ADVERTISEMENT
Number of Liquidations Increasing Rapidly
Varga Meets With Chinese Business Leaders
Hungary Tops out HUF 300bn Munitions Complex
Around 2,800 Events Take Place in European Capital of Cultur...
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.
