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Video of the day | Hungary's falling forint

1,593 views · Published 27 May 2009 · 2:26 · Indexed 18 October 2026

Channel: DW News · 2009 · Entertainment

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In the 1990s,Hungary was praised for its structural reforms and booming economy. But now the country is in crisis. The government was forced to seek international aid last year and says it expects the economy to shrink 6 percent this year. Export markets have eroded. And Hungary's currency,the forint,has collapsed - much to the delight of people working across the border in Austria who are paid in euros.

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