Govt publishes full-page ads against IMF

Issues

The Hungarian government published full-page advertisements in several national dailies on Tuesday, carrying the message that it would not yield to the International Monetary Fund (IMF) by implementing tax hikes or cuts in benefits.

"We won't yield to the IMF.", "We won't give up Hungary's independence." were among the messages published in the ads.

The ads were printed under the heading of "government information" and contained rejections of measures allegedly suggested by the IMF for adoption, such as a real estate tax, or cuts in family benefits. A firm "no" was printed across the text of these measures.

The ads in business daily Napi Gazdaság and daily Magyar Nemzet said what the government expected from the IMF was "respect and trust".

Hungary is seeking precautionary financial assistance from the IMF and the European Union.

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