VOICED: Crunch time for Hungary's finances

Hungary, after being saved from bankruptcy by a €20 billion EU bailout, faces economic challenges despite austerity measures. Recent IMF loan talks collapsed over a proposed bank levy, raising concerns about economic growth. Moody's has put Hungary under review, while the government insists it can manage its debts. Hungary must maintain a 3.8% budget deficit and repay loans. Prime Minister Viktor Orban, politically secure with a parliamentary majority, is delaying further cuts until after local elections. Analysts see mixed messages, and Standard and Poor's has rated Hungary at its lowest investment grade, with fears of further downgrades if IMF talks don't resume.

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