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By 2008, foreign-currency loans constituted almost 30 percent of gross domestic product (GDP), compared with less than 10 percent in the Czech Republic and Slovakia. [238] The combination of high public debt and high external debt made Hungary financially vulnerable. The report also advises caution in some recent welfare-reform proposals, and advocates broad support for business rather than targeted subsidies and other forms of corporate welfare.

Pages: 352

Publisher: Best Practice Publications, LLC (June 3, 2003)

ISBN: 0974038806

The Effective Change Manager: The Change Management Body of Knowledge

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