Thursday, 31 May 2012
2012.05.31 16:24:50 Hungary Ministry: In Talks On Ctrl Bk Law Amendments Requested By IMF, ECB
BUDAPEST (Dow Jones)--Talks on the disputed Hungarian central bank law between the European Central Bank, the European Union, the International Monetary Fund, the Hungarian central bank and the economy ministry on Hungary's central bank law are ongoing, the ministry told Dow Jones Newswires Thursday.
Central bank Governor Andras Simor said at a Tuesday briefing that there aren't any talks scheduled among these five parties.
The ministry said the talks focus on further amendments to the central bank law requested by the ECB and in part by the IMF, the ministry said in an e-mailed response.
Hungary needs to amend its central bank law in order to be able to start talks with its international lenders but also for the European Commission to end an infringement procedure against Hungary.
-By Veronika Gulyas, Dow Jones Newswires; +361-267-0623; veronika.gulyas@dowjones.com
(END) Dow Jones Newswires
May 31, 2012 10:24 ET (14:24 GMT)
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