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2011.06.2109:36:00UTC+00Hungary Govt Approves Pension Fund Assets to Execute Steep Cut in Public Debt - Pm Orban

News:

  • Hungary's government has approved using pension fund assets to execute a steep cut in public debt, PM Viktor Orban announced on Tuesday
  • "We are at war against debt," Orban told reporters
  • "We have won the first important battle as we have executed a
    turnaround. Not only have we reduced debt by close to 5 percent... but in the meantime we transformed and abolished the systems that kept
    recreating debt."


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