Hungary asks for IMF and EU financial aid

Official figures show the Hungarian governmment's total debt has risen to 82% of its output, as its currency, the forint, has weakened in the face of the European debt crisis, the BBC reports. Hungary has said it wants "a new type of co-operation" with the IMF, which is now considering its request. The IMF confirmed that it and the European Commission had received a request for assistance, according to the BBC. IMF managing director Christine Lagarde said: "The IMF has received a request from the Hungarian authorities for possible financial assistance. The authorities have sent a s...