IMF questions Hungary’s fiscal rescue plan

In the view of the International Monetary Fund, Hungary's fiscal consolidation plan, unveiled in June 2006, is poorly designed, lacks credibility and is not expected to reverse Hungary's worsening debt position.

International Monetary Fund: Country Info: Hungary: Hungary - 2006 Article IV Consultation. Concluding Statement of the IMF Mission, June 6, 2006 http://www.imf.org/external/np/ms/2006/060606.htm

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