After studying the reports of the last few days on the impending IMF negotiations, I’m coming to the conclusion that the situation is not so simple as Mihály Varga, the man in charge of the negotiations, tried to convey. Varga claimed yesterday that the start of the negotiations depends only on “synchronizing the dates and plane schedules” among the negotiating partners. This announcement followed the receipt of the European Central Bank’s reactions to the amended law on the Hungarian National Bank that, according to Varga, gave the green light to the negotiations.


















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