Hungary loan talks with IMF fail
Hungary faces a fall in its currency and a surge in financing costs due to a failure to reach agreement with lenders on its economic plans and it will need to reach a deal to retain the trust of investors. Talks with the International Monetary Fund (IMF) and the EU ended prematurely on Saturday without a conclusion of the country’s programme review, which means Hungary will not have access to remaining funds in its €20bn (£16.9bn) loan secured in 2008 until a deal is reached.