Hurgary faces “confidence problem” in marketsJanuary 20, 2012 - 17:52 AMT PanARMENIAN.Net - Tamas Fellegi, Hungary’s chief negotiator for a financial bailout, said the government must resolve a dispute with the European Union over the central bank’s independence that has halted aid talks because the country faces a “confidence problem” in the markets, Bloomberg reported. “It is very clearly in the interest of both the European Union and Hungary to have these negotiations started as quickly as possible,” Fellegi told reporters today in Brussels after meeting EU Economic and Monetary Affairs Commissioner Olli Rehn. “The exact form and size of the package should be part of the negotiations.” Fellegi expressed optimism about resolving the disagreement, which also involves the International Monetary Fund. “We don’t see problems that cannot be solved quickly,” he said. “Clearly there is a light at the end of the tunnel.” A planned Jan 24 meeting between Hungarian Prime Minister Viktor Orban and European Commission President Jose Barroso will be an “excellent opportunity” to settle matters, Fellegi said. The commission, the 27-nation EU’s regulatory arm, earlier this week threatened a lawsuit against Hungary for encroaching on the central bank’s independence. “I see the chance that all those issues can be clarified and settled politically during the meeting” between Orban and Barroso, Fellegi said. He refused to speculate about the size of any international aid package, which he said should be “precautionary” and would include conditions. “It’s a delicate issue,” he said. “It has to satisfy the needs. It has to satisfy the markets’ expectations. And it cannot be bigger than necessary.” Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions. Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. Armenia: Protesters march to parliament, some spend the night on street The protesters did not disperse despite heavy rain that began at around 2 a.m. local time. |