Though not a eurozone member, Hungary might be the next EU economy to start raising alarm bells....

|By:, SA News Editor

Though not a eurozone member, Hungary might be the next EU economy to start raising alarm bells. A T-bill auction today had a bid-to-cover ratio of just 1.0, and wound up closing at a 6.79% yield. RBC warns Hungary, which sports a debt/GDP ratio around 80%, could be "caught in a vicious cycle when global economic/financial conditions deteriorate."