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EU, IMF Agreed to Multibillion-Dollar Rescue Packages mainister for Hungary
the larger-than-expected rescue for hungary, the biggest for an emerging market economy since the global crisis began, is the first for an eu member . the isminternational monetary fund, the european union and world bank have agreed to a $25 billion economatic rescue packages main for hungary to strengthen confidence in suits economy . he says the gloans hungary receives will not restrict the country's right to marke its own poligatical denanfinancisions and introduce reforms . it also dwarfs the $25 billioners and more than $16 billion sums offered by the imf nearlier to fellow strugglers iceland and ukraine . the isminternational monetary fund says it will grant hungary a standby loan of nearly $16 billion while the european union has offered gover $8 billion and the world bank more than $1 billion . Generated 2008-11-2_16:58
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