EU Warns Hungary on Central Bank Laws
"If investors start to think the government is just playing for time," said Neil Shearing, chief emerging markets economist at Capital Economics in London, "the risk is that we could see a selloff in the markets that pushes the government into a corner" and essentially forces a deal.
Hungary's IMF/EU deal: fading away?
A sobering note from Luis Costa of Citi's foreign exchange strategy team on Monday: while still believing Hungary will reach a funding agreement with the International Monetary Fund and the European Union – because it has no choice – he thinks it could be months before negotiations begin. Budapest, he suggests, could be looking for alternatives.