BUDAPEST: Hungary's government will abandon a planned merger of the central bank and financial markets regulator PSZAF, one of the key points criticised by the European Commission in a legal row with Budapest, Prime Minister Viktor Orban said on Friday.
Orban also told public radio MR1-Kossuth in an interview that he expected to strike a political agreement with European Commission President Jose Manuel Barroso on disputed legislation at a meeting next week to pave the way for a new funding deal.
Orban said it would have been beneficial for Hungary to have had a safety agreement with the International Monetary Fund and the European Union already "yesterday," even if the country had no plans to draw on any funding made available.
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