Matolcsy: Hungary crisis management yields mixed results

Hungary's management of the coronavirus crisis last year yielded mixed results, National Bank of Hungary (NBH) governor Gyorgy Matolcsy wrote in an article in the online edition of daily Magyar Nemzet on Monday, adding that the economy had been saved by an increase in private sector borrowing. "If the Hungarian financial system had not functioned in the exemplary way that it had, Hungary's crisis management would have been one of the worst in the European Union," Matolcsy wrote.