Foreign debt fall has made Hungary less vulnerable-c.bank deputy governor

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Foreign debt fall has made Hungary less vulnerable-c.bank deputy governor

Reuters CORRECTED-Foreign debt fall has made Hungary less vulnerable-c.bank deputy governor

BUDAPEST, Aug 17 (Reuters) - Hungary's foreign currency debt has significantly decreased in recent years, making the country less vulnerable to external disruption than other emerging markets, Hungarian central bank Deputy Governor Marton Nagy said on Friday.

A current account surplus has improved Hungary's debt profile significantly, he said in an article published on the.

Nagy said some analysts and international papers wrongly compared Hungary to other emerging economies, and that could be damaging in "the current tense market situation" -- a reference to Turkey's currency crisis.


This article appears in: Politics , World Markets , Stocks , EconomySource: Google News Hungary | Netizen 24 Hungary

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