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Rick Reichmuth with the latest

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  1. Hungary "further from IMF deal" than a year ago: central banker

    Hungary's central bank cut rates again on Tuesday to help the shrinking economy even though the bank's Governor said the country was drifting away from an IMF and EU...

  2. East EU manufacturing dips as policymakers respond

    Central European manufacturing shrank in September, signaling a deeper than feared recession in the Czech Republic and a slowdown in Poland that economists said auth...

  3. BlackRock Exec: Economy Can't Handle Higher Interest Rates

    BlackRock Head of Global Rates Eric Pellicciaro weighs in on market volatility.

  4. EU Officials Likely To Back Suspension Of Hungary Funds

    BUDAPEST -- Hungary's budget is likely to face further scrutiny at a meeting of European Union finance ministers Tuesday, with a suspension of part of its EU funding...

  5. Fitch Slashes Hungary's Rating

    A rating downgrade on Friday left Hungary's debt rated "junk" across the board, underscoring investors' doubts about the government's willingness to change its contr...

  6. Fitch Slashes Hungary's Credit Rating

    Fitch cut Hungary's long term foreign currency credit rating by one notch to BBB- with a negative outlook on Thursday, warning that the lack of a coherent medium-ter...

  7. Q+A-What next after Hungary bites bullet on 2011 budget?

    Sept 10 (Reuters) - Hungary's centre-right government hasbowed down to European Union demands to finally bring its budgetgap below the bloc's 3 percent of GDP ceilin...

  8. Fidesz win at local poll key to revive Hungary -PM

    By Gergely Szakacs and Marton DunaiBUDAPEST, Sept 10 (Reuters) - Hungary's prime minister toldsupporters on Friday the country can take a "giant step forward"if his ...

  9. ANALYSIS-Hungarian budget U-turn a relief, but mkts want proof

    By Krisztina ThanBUDAPEST, Sept 9 (Reuters) - Investors are breathing easierafter Hungary's government bowed to pressure from markets andthe European Union and pledg...

  10. Hungary makes U-turn, commits to 2011 budget cuts

    By Krisztina Than and Gergely SzakacsBUDAPEST, Sept 8 (Reuters) - Hungary's government onWednesday committed to cutting the budget deficit below 3percent of GDP next...

  11. FACTBOX-Austerity measures outside the euro zone

    Sept 2 (Reuters) - Following is a summary of austerity measures implemented by European countries outside the euro zone:-- Finance minister George Osborne, in the ha...

  12. Moody's Warns of Hungary Downgrade

    Ratings agency Moody's put Hungary on review for a possible downgrade on Friday, citing increased fiscal risks after it suspended talks with the IMF and EU on its ex...

  1. MOL to Sell Full Stake in Hungary Safety Natural Gas Storage Firm

    The Hungarian government has signed a letter of intent with the owners of the country's natural gas safety storage facility MMBF Foldgaztarolo Zrt. on buying a stake...

  2. Hungary to Buy 51% Stake in Gas Safety Storage Facility -Agency

    Hungary's government has ordered its development minister to begin talks on buying a 51% stake in natural gas safety storage facility MMBF Foldgaztarolo Zrt., which ...

  3. Hungary , defying EU, pushes on with constitutional changes

    Hungary's ruling party is set to push through law changes on Monday that critics say will limit the powers of the constitutional court, one of the few institutions t...

  4. Hungary to Cut Certain Utility Prices 10% July 1 - Agency

    Hungary's governing Fidesz-party lawmakers, who are facing parliamentary elections in spring 2014, have agreed that certain utility prices should be cut by 10% on av...

  5. ECB's Draghi Stresses Central Bank Independence

    European Central Bank President Mario Draghi delivered a thinly veiled warning to Hungary Friday, stressing that central bank independence is key for a credible mone...

  6. ECB warns Hungary again over central bank independence

    ECB President Mario Draghi said on Friday that Hungary's central bank must retain its independence to be credible - a rare public warning about undue political influ...

  7. ECB says Hungary central bank needs its independence

    European Central Bank President Mario Draghi said on Friday that Hungary's central bank needs to retain its independence to be credible, an indirect warning against ...

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