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Hungary, Romania and Serbia needed $55 billion in IMF bailouts in 2009. Now they can't find enough debt buyers as spending cuts weaken government power and concerns grow about stalled recovery.
Filipovic: "Serbia and Romania failed to sell the planned amount of debt on offer this week while Hungary paid more today to sell all of its debt by allowing the yield to rise. Hungary failed to sell the planned amount of 12-month debt on Sept. 2 as concern the central bank might raise interest rates damped investor demand."
