BERLIN (MNI) – Hungary’s public debt will sink to around 72% to 73%
of GDP by February-March of this year, Hungarian Prime Minister Viktor
Orban said in a newspaper interview to be published Tuesday.
“Capital markets…will be surprised, because we will repay massive
loans from the International Monetary Fund,” Orban told German daily
Bild.
“Thereby we will lower our public debt from the current 80% of GDP
to 72% to 73% already by February-March,” the Prime Minister said.
Hungary holds the rotating EU presidency in the first half of 2011.
Orban told Bild that the future of the EU is linked closely to the
single European currency. “We have to save the euro over the next six
months and find a new form of common economic policy in Europe,” Orban
argued.
Hungary is not a member of the Eurozone.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
[TOPICS: M$X$$$,MT$$$$,MFX$$$,M$$CR$,MGX$$$]
