Budapest’s maverick economic policies are undermining its currency, the forint – piling pressure on the thousands of Hungarians who are trying to pay off home loans denominated in Swiss francs or euros The Hungarian government says it is bending over backwards to secure a vital loan of up to £17bn from the International Monetary Fund (IMF) and the EU, but Hungary remains in the international crossfire, sharply criticised by western governments and the European commission and suffering the indignity of a credit downgrade to junk status. The Hungarian currency, the forint, hit record lows last week, and the crisis could cost the prime minister, Viktor Orban, or at least the economy minister, Gyorgy Matolcsy, their jobs

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