ASSESSMENTS

Hungary: The European Central Bank Steps In

Oct 16, 2008 | 15:00 GMT

ATTILA KISBENEDEK/AFP/Getty Images

Summary

The European Central Bank has announced that it will lend up to 5 billion euros to Hungary's Central Bank. The move aims to stop Hungary's financial crisis from spreading, a goal that overrides its drawbacks.

Far more than one small Central European country will be affected if Hungary's potentially destabilizing problems are not promptly addressed....

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