Hungary warned on pay cap law

The European Commission warned Hungary in September 2010 that it must amend a law capping the pay of national bank employees to avoid infringing the independence of the national bank.

ESO: Background information: Hungary PM rejects new IMF deal and austerity http://www.europeansources.info/record/hungary-pm-rejects-new-imf-deal-and-austerity/

ESO: Background information: Banks look to IMF on Hungary tax http://www.europeansources.info/record/banks-look-to-imf-on-hungary-tax/

Website: Magyar Nemzeti Bank (MNB): Central Bank of Hungary http://english.mnb.hu/

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