VOICED: Crunch time for Hungary's finances

VOICED: Crunch time for Hungary's finances

Assessment

Interactive Video

Business

10th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

Hungary, after being saved from bankruptcy by a €20 billion EU bailout, faces economic challenges despite austerity measures. Recent IMF loan talks collapsed over a proposed bank levy, raising concerns about economic growth. Moody's has put Hungary under review, while the government insists it can manage its debts. Hungary must maintain a 3.8% budget deficit and repay loans. Prime Minister Viktor Orban, politically secure with a parliamentary majority, is delaying further cuts until after local elections. Analysts see mixed messages, and Standard and Poor's has rated Hungary at its lowest investment grade, with fears of further downgrades if IMF talks don't resume.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main reason for the collapse of loan talks between Hungary and the IMF?

Hungary's economic growth

The EU's intervention

Hungary's refusal to cut public spending

A proposed levy on banks

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two main duties the Hungarian government has committed to fulfilling?

Improving healthcare and education

Maintaining a budget deficit and repaying loans

Strengthening the military and infrastructure

Reducing unemployment and increasing exports

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is Prime Minister Viktor Orban delaying further economic cuts?

To focus on international relations

To wait for the outcome of local elections

To gain approval from the IMF

To increase public spending

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current investment grade rating given to Hungary by Standard and Poor's?

Triple A

Double B

Triple B minus

Single A

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What could happen to Hungary's investment rating if it doesn't reengage with the IMF?

It could drop further

It could be suspended

It could remain the same

It could improve