Hungary’s Lazar Rules Out Municipal-Debt Consolidation, Nol Says

Aug. 8 (Bloomberg) -- Hungarian ruling party politician Janos Lazar excluded the possibility of an “unconditional” consolidation of local government debt, according to an interview published on Nol.hu over the weekend.

Indebted municipalities should seek individual solutions and agreements with financing banks, Nol cited Lazar, who heads the ruling Fidesz party’s parliamentary group, as saying.

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