EEMEA market round up: Hungary agrees $25 billion deal

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EEMEA market round up: Hungary agrees $25 billion deal

Hungary reached agreement on a $25.1 billion rescue package last month from a number of multilaterals, including the IMF. The money will be used to help Hungary shore up its financial system, battered by the international crisis. Hungary’s reliance on external debt has made it especially vulnerable with the forint down 20% against the dollar and euro in the past month.

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