12 March 2013

HUNGARY / EU : 13 Mar UPDATE: PM Orban's State Banks Proposal Disturbs Brussels; 'Orbanomics' Analysed.

      PM Viktor Orban is at it again.
      He is shaking up Brussels by floating a new idea to limit foreign bank control in Hungary.
      Orban wants to convert millions of loans in euros and Swiss francs into the local currency...by creating state-owned banking...and making the forint weaker.
      The changeover could force foreign banks to eat huge losses.

       NEW LINK!: ANALYSIS: Only investor flight will cure 'Orbanomics.'