Author (Person) | Bryant, Chris, Cienski, Jan |
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Series Title | Financial Times |
Series Details | 14.12.10 |
Publication Date | 14/12/2010 |
Content Type | News |
Hungary’s parliament voted on the 13 December 2010 to approve the effective seizure of assets held in mandatory private pension funds, a move that reverses a 1998 reform and has unsettled investors. The passage of the law by a wide majority occurred shortly after the European Commission reached a tentative deal with Poland that may persuade it and other central and eastern European countries not to follow Hungary’s example. |
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Countries / Regions | Hungary, Poland |