Hungary's new government Friday failed to calm financial markets that were roiled by a senior official's warning that the country faces a Greece-style fiscal meltdown.
The Hungarian forint tanked in currency markets, where the euro was also coming under pressure, on remarks Thursday by the vice president of the Fidesz party, Lajos Kosa, that Hungary is in a Greece-like sovereign credit crisis.
For more: Hungary Vows to Avert Greece-Like Crisis - WSJ.com
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