EU To Review Plan for ECB to Supervise Banks Outside Eurozone
Leaders of EU countries will review a plan to broaden supervisory duties for the ECB to countries outside the joint currency, as complaints from non-euro countries about possible disadvantages to them are addressed.
S&P Downgrades Hungary to Junk After It Defies IMF and EU
Hungary was downgraded to junk for the second time in a month, this time by S&P, after Moody's took a similar action previously, but markets reacted little to the news.
Moody's Cuts Hungary's Debt to Junk Status
Moody’s Investors Service cut Hungary’s rating from its lowest investment grade to junk on Thursday, with a negative outlook, despite the country’s appeal to the International Monetary Fund for help last week.