hungary

Hungary finds creative solution to help the poor

Mar 9, 2012
Almost all the $7.5 billion worth of Hungarian banknotes in circulation pass through the Hungarian Central Bank annually, to make sure they are clean, untorn and suitable to be used to buy and sell things. The rest can be burned to serve as fuel for the poor.
Posted In: hungary, Money, Charity

Debt downgraded, Hungary asks for help

Jan 6, 2012
Hungary is the latest European Union country to head into trouble, but it isn't part of the eurozone.
Posted In: hungary, Eurozone, Europe debt crisis

European bailout fund has little force left

Nov 25, 2011
The news from Europe this morning starts with Italy, which had to pay a euro-era record rate to borrow money from the bond market. Meanwhile, Hungary's bonds were downgraded to junk status.
Posted In: Europe debt crisis, italy, hungary, bailout