InfoAnda - Hungary says EU cut in its funds would be a shame |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Industrywide digital locker beta to launch in fall | 20 July 2010
Nokia to launch music download service in China | | 8 April 2010
Venezuela's Chavez says U.S. detainee was Marine | | 11 August 2012

Three hundred killed in single day in Syria, group says | | 27 September 2012

Forum Views () Forum Replies ()

Read more with google mobile : Hungary says EU cut in its funds would be a shame |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Reihan Salam Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Interactive Euro zone bank stress test calculator Use the Reuters Breakingviews stress test calculator to calculate how the Target core Tier 1 capital ratio and sovereign haircut levels affect the amount of capital banks need to pass the stress test. Full Coverage Full Focus Photos of the week Our best photos from the past week. Full Article Download our Wider Image iPad app Pictures of the month: October Follow Reuters Facebook Twitter RSS YouTube Read New Congress may have old look after election | 8:57am EDT Facebook's Sandberg sells $7.4 million in stock 02 Nov 2012 Power returns to lower Manhattan, but many waiting | 11:45am EDT U.S. taps reserves to calm New York, New Jersey fuel "panic" post Sandy 02 Nov 2012 Syria army quits base on strategic Aleppo road | 02 Nov 2012 Discussed 189 Jobless rate seen rising, offering Obama no relief 164 Fuel scarce, East Coast struggles to recover 96 Race is tied, but most think Obama will win: Reuters/Ipsos poll Sponsored Links Hungary says EU cut in its funds would be a shame Tweet Share this Email Print Related News UPDATE 2-Hungary hints at life without IMF deal Mon, Oct 29 2012 Insight: Hungary's far right party gains as it targets Roma Thu, Oct 25 2012 Germany holds firm on Greece as IMF pressure mounts Fri, Oct 12 2012 UPDATE 3-Hungary closer to aid deal after retreat on cbank tax Fri, Oct 5 2012 Analysis & Opinion Emerging EU and the end of “naked” CDS Job #1 for the IMF: Stay the course and avoid lurches to austerity Related Topics World » By Sandor Peto BUDAPEST | Sat Nov 3, 2012 10:58am EDT BUDAPEST (Reuters) - The European Union risks undermining the credibility of its drive against national budget overshoots if it strips Hungary of structural funds as punishment for running an excessive deficit, a leader of the ruling Fidesz party said. The EU is due to unveil its assessment of Hungary's latest deficit-cutting measures on November 7, which could be the basis of a cut in funds and can also influence Hungary's credit talks with Brussels and the International Monetary Fund (IMF). Lajos Kosa, a Fidesz vice chairman was quoted on Saturday by the daily Magyar Nemzet as saying that the government had implemented tight fiscal policy since it was elected in 2010, and a cut in funds would be "a shame". "If they do (cut funds), that will have an amazingly bad message in the entire Union which is cracking anyway even without that," Kosa said. While Kosa is regarded as the most outspoken of Fidesz's leaders, the government's tendency to talk tough about Brussels and the IMF at home has bolstered expectations that talks over an international aid deal will eventually fall apart. Kosa repeated in the interview that Hungary needed an IMF deal but analysts in a recent Reuters poll saw only a 50 percent chance, judging that a more positive mood to global markets has eased pressure on the government's borrowing costs. Two deficit-cutting packages that Hungary submitted to Brussels in the past weeks included a further rise in taxes on banks and the government has said that burden can even grow if the EU wants more measures. The central bank and international analysts have said that the heavy taxation on banks hinders recovery from recession and IMF spokesman Gerry Rice said on Thursday that Hungary needed a change in attitude for the talks to go on. (Reporting by Sandor Peto; editing by Patrick Graham) World Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 3 November 2012
U.S. renews sanctions, Sudan criticizes decision |
Sudan oil state rebels say repulsed government advance |
Israeli official sees shocking dictatorship in Egypt |
Inquest must see if UK shares spy-death blame-lawyer |
Ukraine opposition complains of stolen seats |
Georgia's new government to cut president's funding in 2013 |
Uganda says to pull out troops from Somalia over Congo charges |
Google's Android software in 3 out of 4 smartphones |
Over 20 million tweets sent as Sandy struck |
U.S. investigators to get access to Benghazi suspect |
U.S. renews sanctions, Sudan criticizes decision |
North Korea says proud of its human rights record |
Uganda says to pull out troops from Somalia over Congo charges |
Ukraine opposition complains of stolen seats |
Twitter CEO lobbied against exiling Dorsey in 2008: investor |
Facebook's Sandberg sells $7.4 million in stock |
New Jersey's own Springsteen and Bon Jovi sing for Sandy victims |
Photojournalists Witness war zones in new HBO series |
Syrian rebels attack air base to secure north-south corridor |
Hungary says EU cut in its funds would be a shame |
Nigeria security forces kill 13 in raid on kidnappers |
Gunmen kill three policemen in Egypt's Sinai: security sources |
Suicide bombers hit Somali capital, three dead: witnesses |
Cyprus says not aware troika judge latest proposals as lacking |
Uganda says to pull out of Somalia if no changes to Congo report |
Myanmar state media details new foreign investment law |
EU gives $200 million for security, education in turbulent Somalia |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01