A year after announcing its plan, the European Commission has promised to accelerate the implementation of the capital markets union project. It is more and more clear that it has no alternative and Brexit may only foster this process.
The rating agency Standard & Poor’s raised its rating of Hungarian Treasury bonds back to an investment grade. Fitch has already taken similar decision in May 2016. For the last four years, the rating agencies have rated Hungary’s Treasury bonds as “junk” investment.