Hungary Is Willing to Accept Any IMF Credit Line, Orban Says

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Hungarian Prime Minister Viktor Orban abandoned all previous objections to a bailout from the International Monetary Fund, indicating his government was open to “any kind” of credit line to prop up financing.

“As far a we’re concerned, there’re no preconditions during negotiations, all issues that the involved parties deem necessary can be debated,” Orban said in an interview with state news service MTI today. Tamas Fellegi, the country’s chief negotiator in aid talks, has a mandate to accept “any kind” of credit line that strengthens the country’s market financing, Orban said.