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Subject HUNGARY SAYS FU*K YOU ROTHSCHILDS!

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Original Message Hungary is close to passing a law that critics say could undermine the independence of its central bank.

The ruling Fidesz party, which has a two-thirds majority, is due to approve the constitutional change in the final session of parliament this year.

Ratings agency Standard & Poor's downgraded Hungary's debt to junk status last week, partly due to the proposed changes to the constitution.

And EU and IMF officials have cut short aid talks with Hungary over to the law.

Hungary had been seeking a standby credit line of 15-20bn euros ($19.5bn, £12.6bn) in case it ran into trouble issuing new debt.

But the International Monetary Fund and the European Commission have both cast doubts over aid because of the law.

[link to www.bbc.co.uk]

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