Monday, March 30, 2009

Hungary for Recovery

Because of my trip to Budapest last year, I've felt an odd connection to Hungary as I've read increasingly bad news coming out of Central Europe these days.

A weakening currency; contracting economy; the Prime Minister having recently stepped down after a vote of no confidence; and today Standard & Poors cut the Hungarian government bond rating to just above junk.

Tough times for a Magyar.

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