Hungary's prime minister to quit

Hungarian Prime Minister Ferenc Gyurcsany says he will stand down, as his government's popularity plummets amid the global financial crisis.

The Socialist leader, in power since 2004, told his party congress that he considered himself a hindrance to further economic and social reforms.

He is to officially notify parliament of his decision on Monday.

Badly hit by the global credit crisis, Hungary received a $25.1bn (£17bn) IMF-led loan last October.