German Chancellor Angela Merkel again criticizing calls for the issuance of euro-bonds and a credit rating downgrade for Portugal by Fitch Ratings damaged sentiment, while Hungary was also issued with a debt-rating cut late Thursday.
Germany also won the gold medal in the women's 500m Kayak fours from Hungary in silver and Australia in bronze, while Belarus won gold in the men's 1000m Kayak fours .
While this fact may only just have dawned on the citizens of Hungary's young democracy, CNN's European Political Editor Robin Oakley insists their feeling of betrayal may not be entirely misplaced.
While the United States stands firm on limiting this round of expansion to Hungary, Poland and the Czech Republic, the NATO official said a final decision will be made only after debate among the leaders of the NATO countries that could be preceded by a meeting of NATO foreign ministers Tuesday morning.
She recommends investors target emerging markets stocks in Asia and Latin America, while avoiding markets more exposed to the European crisis, such as those in Hungary, Poland and the Czech Republic.
Hungary's Aniko Kalovics was third in the women's race while Ukraine's Sergiy Lebid took third in the men's event ahead of top Briton Nick McCormick.
Hungary's total debt has risen to 82% of its output, while its currency, the forint, has fallen to record lows against the euro.
While not a PIIGS member, or even a member of the Eurozone for that matter, Hungary has been a European problem child for most of 2010.
Hungary will now have no supporters present when they take on Malta on March 22 while Bulgaria will play in am empty stadium against Romania on the same day.
As you can see, while they enjoyed robust growth in the days before the bubble popped, both the Czech Republic and Hungary have been treading economic water for quite awhile.
Hungary's Agnes Szavay walked into the second round when Olga Govortsova of Belarus retired hurt while trailing 6-3 1-0, and will face third seed Yanina Wickmayer in the second round if the Belgian beats Croatian wildcard Petra Martic.
In short, Hungary's politicians are doing what they do best: squabbling for short-term advantage, while leaving structural problems untouched.
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