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Brussels, 21 November 2011

Statement of the European Commission on the request by Hungary of possible financial assistance

The European Commission today received a request from the Hungarian authorities for possible EU financial assistance. The authorities have sent a similar request to the IMF. They have also indicated that their intention is to treat any EU support that might be made available as precautionary.

The Commission will examine the authorities’ request in close consultation with EU Member States and the IMF.

In the meantime, and after carrying out their regular Post-programme surveillance mission related to the first EU Balance of Payments assistance to Hungary over the last two weeks, the Commission staff has returned to Brussels.

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