The Hungarian parliament passes a law stripping its central bank of much of its independence,...

|By:, SA News Editor

The Hungarian parliament passes a law stripping its central bank of much of its independence, setting up a showdown with the IMF/EU which has signaled it could walk away from a bailout if the law were enacted. PM Viktor Orban says a rescue package would be nice, but the country will be fine without it. The Hungarian Central Bank: "(The law) seriously undermines our country's interests."