The blinkers in Budapest - The Economist

According to the announcement on September 8th by György Matolcsy, the national economy minister, that the country will aim for a 2011 budget deficit of 3 per cent of GDP is the first sign the government has given that it will not fight too many battles simultaneously.


But it would only take a new shock, a sharp increase in risk-aversion, or a further forint slide, to force the country to return to the IMF, but this time with no cards left to play.