Hungary warned on Thursday that it might decide not to reduce its public deficit for 2011 at the level established in negotiations with the IMF and the EU in exchange of the financial aid that saved it from brankruptcy, if other European countries do not make similar sacrifices - referring to Romania, Poland and Slovakia, AFP informs.
We will break the commitment to maintain the deficit at the 2.8% if Slovakia is allowed a higher deficit, Hungarian Economy minister Gyorgy Matolcsy declared for HirTV. He said that Romania and Poland benefit from better conditions and Hungary might decide not to sign an agreement that is less than other countries get.
Negotiations related to a new instalment from the loan were stopped on July 17, due to disputes related to a special tax for banks which Hungarian authorities planned to impose.
