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Hungary’s Survival Without IMF Support Is ‘a Myth,’ Nomura Says

Hungary won’t be able to access capital markets if it can’t reach agreement with the International Monetary Fund and the European Union on the terms of its bailout loan, Nomura International Plc said.

The IMF and EU on July 17 abandoned talks with Prime Minister Viktor Orban’s government on a review of the 20 billion euro ($26 billion) loan after failing to agree on fiscal targets to comply with its terms. Economy Minister Gyorgy Matolcsy said he expected a new loan agreement will “eventually” be reached.