Another EU Member, Hungary, May Be Pushed to Junk Grade


Hungary May Be Pushed to Junk Grade – Bloomberg.

Not only is Hungary affected by a high debt/GDP ratio but erratic policies of the current government, verging on transforming Hungary back into a totalitarian regime, have affected the level of confidence that the country will overcome its problems.

Hungary has also been accused by the European Commission on Human Rights of abuses against its Gypsy minority, including forced labor.

The government has implemented changes to the constitution, diminishing the amplitude of independent oversight on its actions.

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