Hungary seeks to reassure investors

Article Abstract:

Following the resignation of Hungary's prime minister, Peter Medgyessy, the country's ruling Socialist Party prepares to vote on his successor. Medgyessy resigned amid disputes over how to enact the economic reforms necessary for Hungary to meet the financial requirements of its new membership in the European Union. While the Socialist Party decides between a former labour minister and a wealthy businessman, investors are most concerned about whether the new prime minister will retain the current finance minister Tibor Draskovics.

Europe, Government expenditures, Public affairs, Analysis, Economic aspects, Political activity, Economic policy, Political aspects, Appointments, resignations and dismissals, Prime ministers, International economic integration, Economic integration, Political risk, Medgyessy, Peter, Draskovics, Tibor, Kiss, Peter, Gyurcsany, Ferenc, Socialist Party (Hungary)

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Swedish voters appear to reject joining Euro

Article Abstract:

Voters in Sweden appear to have turned down their country's accession to the European Union's common currency. According to exit polls, 51.8% of voters voted "no" against the adoption of the euro currency, compared to 46.2% who voted "yes."

Sweden, Euro (Currency), Euro currency transition

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Hungary devalues forint with eye on joining EU

Article Abstract:

The forint currency in Hungary has been devalued as that country attempts to join the European Union (EU). The unexpected decision is expected to be copied by other potential EU member countries.

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