the Prime Minister's "oh, shit" moment, when he discovers that when you need to borrow, "he who has the gold makes the rules"
Worse yet, apparently the Prime Minister started out by telling the IMF to buzz off. This turned out to be a bad idea, now that he needs their money and all.
From that article in A Fistful of Euros:
Leaving aside the long list of recent grievances, it was Hungary who decided to walk away from the IMF in the first place, suggesting it could manage quite well on its own, thank you very much, so the Washington based lender is now hardly likely to welcome the country back as some sort of long lost prodigal son.
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Date: 2012-01-12 06:05 am (UTC)Worse yet, apparently the Prime Minister started out by telling the IMF to buzz off. This turned out to be a bad idea, now that he needs their money and all.
From that article in A Fistful of Euros: