Hungary’s in a bad way, shock shock!
Sounds like Greece:
Previous governments “lied” and “manipulated the figures”, and of course no government does that to make things seem worse!
Default can’t be ruled out, and Hungary will be an interesting test case.
Not being in the Euro, creditors might actually have to take very large haircuts, while the prospects for economic recovery may improve with a declining currency boosting exports.
Gorilla says: “There’s a German glint in the eye of the forint!”
