Hypervigilant Observer

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25 July 2012

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

http://www.bloomberg.com/news/2012-07-24/orban-s-tax-binge-repels-investors-as-recession-menaces-hungary.html


      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.' 
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