Hungarian Forint Falls Against Euro as Prime Minister Resigns - Bloomberg.com - 0 views
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The Hungarian forint weakened the most in 2 1/2 weeks against the euro after Prime Minister Ferenc Gyurcsany said he will quit as the central European economy heads toward its worst recession in at least 16 years.
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Hungary became the first EU country to seek an International Monetary Fund-led bailout to avert a default last year, receiving 20 billion euros
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Any further weakening in the exchange rate would have a harmful effect on the capital position of the domestic financial intermediary system
