Hungary’s 2008 Meltdown — When Foreign Debt Became a Trap
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Hungary’s 2008 Meltdown — When Foreign Debt Became a Trap
In 2008, Hungary’s economy unraveled. Years of borrowing in foreign currencies turned into disaster when the global crisis hit. The forint crashed, households defaulted, and the government needed an urgent IMF EU rescue. #FiscalCollapse #Hungary #Finance #DebtCrisis
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