Hungarian economy on a tightrope

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The European Union executive called Wednesday on the bloc's finance ministers to impose sanctions on crisis-hit Hungary for failing to act to reduce its deficit in line with agreed targets All three of the major credit ratings agencies have downgraded Hungary's debt to "junk" status, piling pressure on embattled Prime Minister Viktor Orban who has refused to alter new central bank legislation that is stalling a deal for help from the IMF and EU. Duration: 02:09