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Hungary PM says ready to negotiate with EU-German paper

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"We are open and ready to discuss all problems the EU Commission brings to us on the basis of serious arguments," Orban told Bild daily.

He also said he was willing to accommodate demands made by the EU concerning the independence of Hungary's Central Bank.

"Now it is just a matter of whether the financial council should be increased. If the EU has problems with that, we will willingly accommodate the demands. Even if it is to the detriment of the central bank," Bild quoted Orban as saying.

One of the EU's problems is a new law that allows a government minister to participate in key meetings. The EU's treaty requires central bank independence. The European Commission has said it would take legal action against the Hungarian government over the laws.

Copyright Reuters, 2012