Friday, 4 June 2010

Hungary: Is it a new Greece? I think it is different

Not exactly, they have their options: let their money depreciate and print them out to buy USD and pay debt.

I view Hungary case more interesting than Greece case since Hungary is more isolated and use a national currency. But it is a sign that countries all over the world maintain grand budget deficit and public debts after their grand fiscal stimulus that "help to recover after a crisis".

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