25 July 2012

HUNGARY / IMF : PM Orban's Tax Policies Eroding Investor Confidence.


      Powerful and hungry to reduce the deficit...PM Viktor Orban's new tax policies are frightening investors...adding to its economic woes...and forcing it to seek a $18 billion IMF loan.
      Hungary's GDP may shrink 0.3 in 2012...and may even slip into 'a negative growth spiral.'