Hungary calls for IMF assistance / IMF to offer Budapest help but with conditions

The European Commission received a request from the Hungarian government on the 21 November 2011 for possible EU financial assistance. The Hungarian authorities had also sent a similar request to the IMF. They indicated that their intention was to treat any EU support that might be made available as precautionary.

European Commission: RAPID: MEMO/11/809: Statement of the European Commission on the request by Hungary of possible financial assistance http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/809&format=PDF&aged=0&language=EN&guiLanguage=en

ESO: Background information: Hungary sparks contagion fears http://www.europeansources.info/record/hungary-sparks-contagion-fears/

BBC News, 21.11.11: Hungary asks for IMF and EU assistance http://www.bbc.co.uk/news/business-15820340

IMF: Country Report: Hungary and the IMF http://www.imf.org/external/country/HUN/index.htm

ESO: Background information: Hungary agrees to cut budget deficit http://www.europeansources.info/record/hungary-agrees-to-cut-budget-deficit/

Deutsche Welle, 21.11.11: Hungary seeks financial help from the EU, IMF http://www.dw-world.de/dw/article/0,,15546245,00.html

Magyar Nemzet, 25.11.11: Hungary’s bitter reunion with the IMF http://www.presseurop.eu/en/content/article/1215531-hungary-s-bitter-reunion-imf

EUObserver, 22.11.11: Hungary reaches out for ‘precautionary’ EU-IMF rescue http://euobserver.com/19/114353

---