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Europe Daily Bulletin No. 10659

20 July 2012
ECONOMY - FINANCE - BUSINESS / (ae) hungary
Infringement on central bank independence closed

Brussels, 19/07/2012 (Agence Europe) - On Thursday 19 July, the European Commission formally closed the infringement procedure opened against Hungary on 17 January 2012 over the independence of its central bank, Magyar Nemzeti Bank (MNB). This decision was made possible thanks to the adoption by the Hungarian Parliament of legal amendments to the central bank statute on 6 July, in line with the commitments Prime Minister Viktor Orban made to Commission President José Manuel Barroso at their...

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