IMF confirms to resume talks with Hungary
A month or so ago, Hungary told the IMF to take their austerity and shove it, but they appear to be softening that line as the current IMF lending program draws to a close.
The IMF says it will engage with Hungary with a view toward bridging remaining differences, according to a Reuters headline. The news is modestly EUR supportive as Hungarian funding problems would weigh on Euro zone banks…

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you mean forint supportive?
No forint suportive IMHO just Goulash.
Is that a pennant forming on the hourly EUR/USD, or is it malformed?
Grandizer–you want to go up, see AU now
Jamie, off topic, when do you think Aud will have their hung political situation resolved?
No clue, I’ll leave that to my Asian associate in a few hours to pontificate upon….I’m blissfully ignorant of Australian politics.
EUR/ USD http://www.youtube.com/watch?v=7uc4KmAioJ4&feature=related http://www.youtube.com/watch?v=PYlG7qb3iCs&feature=related
[...] IMF/Hungary to resume talks [...]