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February 5, 2012 12:05 AM EST
Lost In Translation

No, I’m not talking about the movie, although, the market action was almost as bizarre. It’s not that Hungary’s new Prime Minister Victor Orban was misquoted, but officials did say that the meaning behind his comments that the economy was left in a “grave” situation and that talk of the country potentially defaulting on its sovereign debt as not being an “exaggeration” were misinterpreted. Initially, the comments were taken as suggesting that ... full story >>


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