Hungary’s Orban Rejects State Help on Municipal Debt, Origo Says

Hungarian Prime Minister Viktor Orban rejected central government aid to help municipalities in servicing their foreign-currency debt, news website Origo reported today, citing unidentified ruling-party officials.

The government “has hit banks enough,” Orban said at a closed-door meeting of the ruling Fidesz party’s parliament deputies, adding that the Cabinet doesn’t want to start another conflict with banks, Origo reported.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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