Budapest Economic Forum 2011 - Debt Crisis and Competitiveness

Being heavily indebted is a problem Hungary knows only too well. The country’s debt-to-GDP ratio rose to over 80%, but the current government hopes that by the recently announced structural reform measures it will be able to reduce public debt to 65% of GDP by 2015. What is the outlook on the Hungarian economy then? And what breakout points does the country have?[...]