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Chart of the Day: Euro and Reform Promises Push Hungary's Debt Financing Costs Down
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Adoption of the euro is a process that will take several years and the country must meet several conditions. However, for now, investors are satisfied with promises to reduce the deficit, debt and move towards the euro. In less than two months, the new Hungarian government managed to agree on unfreezing euro funds and is also planning to introduce the euro. However, the change in mood is also visible in the financial markets. Yields on Hungarian…
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