IMF talks can start "any minute," says Orban

15 June 2012

Hungary is ready for starting official negotiations with the International Monetary Fund (IMF) and the European Union on financial assistance and news may arrive from the IMF any minute now that the talks can be started, the prime minister said on Friday.

Commenting on the central bank law, Viktor Orban told public radio MR1 that the cabinet has no special interest in appointing a third deputy governor at the central bank before the mandate of the current management expires.

"We have a law that would enable this and we will not amend this law but we are happy to agree that no new deputy chairman will be appointed until the mandate of the current central bank management expires," Orban said.

It has been confirmed that Hungary is keeping to its contract with the EU regarding the central bank and "we will take into consideration as far as we think it is justified" the recommendations of organisations that hold assessment rights, such as the European Central Bank. At the same time, the Hungarian parliament must not give up its sovereignty, he added.

Text: mti, Photographer: mti/Zoltán Máthé

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