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Hungarian Prime Minister Viktor Orban delivers a speech in front of the Hungarian Parliament Building in Budapest, October 23, 2012, as Hungary commemorates the 56th anniversary of their revolution against Soviet rule. REUTERS/Bernadett Szabo

IMF holding out on restarting Hungary talks: report
IMF holding out on restarting Hungary talks: report
Posted : Friday, 26 October 2012 05:33AM

BUDAPEST (Reuters) - The International Monetary Fund is not ready to restart talks with Hungary on a financing backstop unless the government changes its economic policy approach, news website Origo.hu reported on Friday citing unnamed government sources.

The government spokesman and the IMF's representative in Hungary were not immediately available for comment.

Earlier this month Hungarian Prime Minister Viktor Orban said the country was on the verge of agreeing a deal with the IMF and ministers have given no indication previously that talks were in danger of breaking down.

The last time the IMF commented on talks - a saga which stretches back to the end of last year - was to say in late July that they expected to come back to the table later in 2012.

Origo.hu said the IMF was upset with the Hungarian government's local media campaign, expressing its resistance to any IMF-imposed austerity measures.

(Reporting by Gergely Szakacs and Sandor Peto; editing by Patrick Graham)

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