6. Andras Simor

2012 Grade: C

2011 Grade: C

Country: Hungary

Core Inflation: 3.49 Percent

Unemployment: 11 Percent

Benchmark Interest Rate: 7 Percent

Andras Simor, who has been Governor of the Hungarian National Bank since 2007, has retained the 'C' grade that he received previous year. Simor has been constantly criticized by the government for keeping the interest rate too high. Hungary's economy has the highest debt in Central Europe and is on the verge of recession.

7. Nadezhda Ermakova

2012 Grade: C

2011 Grade: N/A

Country: Belarus

Core inflation: 10.5 Percent

Unemployment: 1Percent (only officially registered unemployed counted, real number may be higher)

Benchmark interest rate: 12 Percent

Nadezhda Ermakova has been the National Bank chief of Belarus since July 2011. In the last year, after the nation's currency Ruble lost two-thirds of its value against the dollar, it led to the reduction of gold and forex reserves. This forced the central bank to raise the lending interest rates to as high as 45 percent.

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