FT calls Hungary 'sick man of Europe'

"Although no country covets the title of 'sick man of Europe', there are several contenders for it. The frontrunner, though, is Hungary," the Financial Times Lex column said on Monday 17 July, in a piece that was picked up by various media.

Neither the first interest rate hike by the central bank after three years, nor the austerity measures to cut the enormous budget deficit will be enough to boost the forint, the FT observed.

Hungary is "highly vulnerable to short-term changes in investor sen