15 January 2013

HUNGARY / USA: Budapest Blames Dr Doom Roubini...For Forint Failure.

http://online.wsj.com/article/SB10001424127887324595704578241850468806648.html

      Unorthodox Economy Minister Matolcsy is blaming NYU professor...and influential economist Nouriel Roubini (above)...aka...Dr Doom...for a recent 2% slide in Hungary's currency.
      The forint hovers around its lowest point in 7 months...300 per euro.
      Budapest claims recommendations from Roubini's firm...to short the forint...is the major reason for the decline.
     Matolcsy (above) is in the running to be named central bank chief...in March.
     Foreign investors and markets are said to worried about his unusual and non-standard economic policies...if he is appointed to the 6-year term.