Posted on 09/26/2012 10:07:20 AM PDT by Lorianne
BUDAPEST, Hungary (AP) — Hungary's prime minister has long had a testy relationship with the International Monetary Fund — and on Thursday he used Facebook to unfriend the agency and reject its allegedly tough loan conditions.
Prime Minister Viktor Orban said in a video message on his official Facebook page that Hungary could not accept pension cuts, the elimination of a bank tax, fewer public employees and other conditions in exchange for an IMF loan that other officials have said could be about €15 billion ($18.9 billion).
The IMF's list of conditions, Orban said, "contains everything that is not in Hungary's interests."
Orban's announcement took the markets by surprise, in part because just a day earlier he had said loan negotiations with the IMF and the European Union were going according to schedule and both sides were willing to reach an agreement.
(Excerpt) Read more at google.com ...
I thought this was a joke!
There's the spirit - pay your own bills. That'll show em.
Hungary PM rejects IMF/EU terms, hopes fade for deal
http://in.reuters.com/article/2012/09/06/hungary-imf-idINL6E8K6DFG20120906
Looks like Hungary is going to go the Iceland route.
Inspired by the Hungarian Prime Minister’s novel and effective way of dealing with the IMF; Israel’s Benjamin Netanyahu has announced his plan to unfriend both Iran and President Barack ‘wait, wait, wait! I can do this!’ Obama.
I believe that is an act of (cyber)war.
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