October 30, 2008
National Bank of Hungary (NBH) president Andras Simor told television station CNBC on October 22nd 2008 that any comparison between Hungary's economic and financial situation and that of Iceland was entirely unfounded and unjustified.
"Hungary and Iceland are similar in that they are both a small country ... there's no (other) similarity between them (their economies)," Mr Simor said during an interview on CNBC, Dow Jones wrote.
Mr Simor also said the NBH was not going to use the EUR 5 billion credit line offered by the European Central Bank on October 16 for the bank to protect the forint.
