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EU’s Rehn to Meet With Hungary’s Fellegi on Jan. 20
European Union Economic and Monetary Affairs Commissioner Olli Rehn will discuss Hungary’s request financial assistance and its new central-bank law with the nation’s chief aid negotiator next week, the EU said.
“There is a wide range of issues” on the agenda for the Jan. 20 meeting between Rehn and Hungary’s Tamas Fellegi, the official in charge of securing international aid for the country, Rehn’s spokesman, Amadeu Altafaj, told reporters today in Brussels. The officials also will discuss Hungary’s efforts to rein in its budget deficit, he said.
The EU and the International Monetary Fund last month suspended aid talks with Hungary after Prime Minister Viktor Orban pressed ahead with legislation that the nation’s central bank said violates its independence. The law came into effect on Jan. 1.
Fellegi started preparatory talks with IMF representatives in Washington yesterday and is scheduled to meet with IMF Managing Director Christine Lagarde on Jan. 12, state newswire MTI reported. Orban said on Jan. 8 that Hungary is open to bailout talks without any preconditions and would accept “any kind” of credit line that strengthens market financing.
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