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Reuters alone with news that an IMF deal was in the works10.26.2008
Reuters in Budapest was alone with news on Oct 26 news that a deal with the IMF was imminent. Confirmation of a substantial financing package to help Hungary weather the financial crisis came several hours later from Washington. It was only at this point that other news providers caught up with the Reuters story. The rescue deal helped to steady Hungary’s currency when markets reopened on Oct 27. |
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