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Europe Daily Bulletin No. 10021

18 November 2009
Contents Publication in full By article 18 / 34
GENERAL NEWS / (eu) eu/economy
Hungary not to seek next payment under balance of payments support mechanism for moment

Brussels, 17/11/2009 (Agence Europe) - Given the markedly improved access to market finance, Hungary will not, at this point, be requesting any further tranches of the loan granted by the EU under the balance of payments support mechanism. Hitherto, Hungary has received a number of payments, two of €2 billion and a third of €1.5 billion, from the €6.5 billion granted it under the EU macro-financial support mechanism governed by regulation (EC) 332/2002 (see EUROPE 9772). The...

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