Orban Punished by Investors as Hungary Balks at IMF Talks

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Hungarian Prime Minister Viktor Orban is pushing back as investors and European officials renew their drive to force him to relax his hold on power in return for financial aid.

Pressed by a resurgent opposition party calling for Hungary to pull out of the European Union, and looking to protect his expansion of authority, Orban is retreating from a Jan. 6 pledge to quickly meet EU preconditions to negotiate financial help from the International Monetary Fund.