Hungary debt rating under threat

23/07/10 18:30 CET

economy

| |

Two top ratings agencies have said they may downgrade Hungary’s sovereign debt after its prime minister rejected austerity measures.

Moody’s placed Hungary’s government bond ratings on review after the International Monetary Fund and the European Union suspended talks over their 20 billion euro financing deal for Hungary.

Standard and Poor’s later revised its outlook to negative from stable.

More about: Economy, European Union, Hungary

| |

UN condemns Syrian government for Houla shelling

Protests have erupted across Syria after Friday’s massacre of at least 100 people, many of them children, in the town of Houla. With international…

IMF chief back-tracks over Greek tax-dodging

Greek and French politicians are making political capital out of remarks made by the IMF chief…

Greek anger at Lagarde tax avoidance comments

Haneke wins top prize as Cannes

This year’s jury president at Cannes, actor director Nanni Moretti announced the winner of…

Dossier : Cannes Film Festival 2012

Bosnian couple accused of enslavement

Police in north east Bosnia have detained a couple on suspicion of beating and starving a German teenager for years. The 19-year-old girl had allegedly been used as a slave since 2004. …

Mali: Rebel groups agree to creation of Islamic state

Two Rebel groups have agreed to merge and create an independent Islamic state in Northern Mali. After seizing Azawad – an area larger than France – two months ago, the groups had…