Hungary – News Stories About Hungary - Page 6

Crisis Makes Former Skeptics Rethink Euro

Dec 2, 2008 8:07 AM CST

Crisis Makes Former Skeptics Rethink Euro

From Poland to Iceland, once-resistant nations want to join up

(Newser) - When the euro was first proposed, skeptics cautioned of the dangers of an integrated system during a time of crisis. Now that the crisis is here, the euro has performed relatively well while smaller currencies have plunged in an investor "flight to quality." As the New York ...

IMF Bails Out Hungary, Ukraine

Oct 27, 2008 8:47 AM CDT

IMF Bails Out Hungary, Ukraine

Multibillion-dollar loans prop up Eastern Europe's basket cases

(Newser) - The IMF will provide multibillion-dollar loans to Ukraine and Hungary, which have followed Iceland to become the latest national victims of the global financial crisis. Ukraine will receive a $16.5 billion loan, while the specifics of the Hungary deal are still being worked out. Both Eastern European countries have...

IMF Plans Huge Credit Line for Poor Nations

Oct 24, 2008 6:11 AM CDT

IMF Plans Huge Credit Line for Poor Nations

Wave of defaults in developing world could imperil global economy

(Newser) - While the financial crisis is leading the West into recession, other parts of the world from Hungary to Argentina face an even worse fate: default, market panic, and possibly social upheaval. Now the IMF is working to build a giant line of credit, funded by rich nations, to provide...

Hungary Gets $6.7B Loan
to Avert Meltdown

Oct 17, 2008 8:33 AM CDT

Hungary Gets $6.7B Loan to Avert Meltdown

Budapest secures huge loan to prevent default à la Iceland

(Newser) - The Hungarian government secured a $6.7-billion loan yesterday from the European Central Bank in an attempt to stave off an Icelandic-style national meltdown. The EU newcomer's troubles derive from loans denominated in euros or Swiss francs, rather than the softer Hungarian forint. Frozen credit markets have left Hungary's government...

WWII Bomb Found in Budapest; Thousands Flee

Jul 29, 2008 8:01 AM CDT

WWII Bomb Found in Budapest; Thousands Flee

Thousands of unexploded bombs still buried in city

(Newser) - Some 16,000 people were evacuated yesterday in Budapest after construction workers unearthed a huge unexploded bomb from World War II. The 2-ton explosive, being disarmed today by experts, is one of the largest found in the city since 1945. Thousands of unexploded bombs are believed to be buried in...

Protester Eggs Microsoft CEO

May 21, 2008 9:51 AM CDT

Protester Eggs Microsoft CEO

Ballmer dodges attack by Hungarian during university lecture

(Newser) - Microsoft CEO Steve Ballmer was in Budapest this week to give a lecture to Hungarian university students, but the talk took an unexpected turn when he was pelted with eggs. Unlike Bill Gates, who was hit in the face with a cream pie a decade ago, Ballmer was able to...

Eastern Europe: Charm for Less

TRAVEL

Mar 2, 2008 2:00 PM CST

Eastern Europe: Charm for Less

Prague, Poland among adventurous destinations for thrifty travelers

(Newser) - The ever-pricier euro is sending determined travelers east, past the Eiffel Tower, to overlooked treasures like Prague's Old Town Square. Check out cheaper, Eastern European must-sees as recommended by Forbes:

Peterhof State Museum-Reserve, St. Petersburg, Russia: These palaces and 18th-century gardens rival those of Versailles.
Plitvice Lakes National Park, Plitvice

...

Hungarian Right-Wingers Evoke Nazi-Era Militia

Feb 13, 2008 2:07 PM CST

Hungarian Right-Wingers Evoke Nazi-Era Militia

Black-booted Hungarian Guard stirs fears

(Newser) - A far-right group reminiscent of Nazi-era fascist militias is causing alarm in Hungary and echoing nationalist movements across Eastern Europe, the Los Angeles Times reports. Members of the Hungarian Guard march wearing black uniforms that resemble those of the Arrow Cross, a militia that helped Nazis kill thousands of Hungarian...

Euro Heat Wave Kills Hundreds

Jul 25, 2007 5:55 AM CDT

Euro Heat Wave Kills Hundreds

Most victims are elderly; Hungary hit hardest

(Newser) - More than 500 people have died in the last week in the heat wave gripping central Europe. Most of the victims lived in Hungary, with some casualties reported in nearby Romania, the BBC reports. The elderly have been hardest hit. Temperatures in some areas have reached 107 degrees; the intense...