Hungary’s economy is in a “very grave situation’’ because the previous government manipulated figures and lied about the state of the economy, Orban’s spokesman Peter Szijjarto said at a press conference in Budapest.
Europe Bank Shares Fall on SocGen Derivative Worries
Published: Friday, 4 Jun 2010 | 7:21 AM ET
By: Reuters
Shares in French bank Societe Generale fell 6 percent on Friday, dragging markets down, with traders citing concerns over the bank's derivatives operations.