György Matolcsy
By now Viktor Orbán has manoeuvred himself into a corner where
his options are limited to bad and even worse political choices....
The foundering of loan negotiations would definitely leave the Hungarian economy in a catastrophic state with potentially serious domestic political consequences....
Moody’s downgrade of Hungary’s sovereign debt to ‘junk’ status is a clear sign that the government’s eccentric and “unorthodox” economic policy has proved unsuccessful....
The Hungarian government outlines an ambitious spending-cut package. The destination is clear, but the road is still under construction....
Key Political Trends: Half-success: Budget deficit aims 3%; Restricting the jurisdiction of the Constitutional Court; Ferenc Gyurcsány’s two-front battle against Fidesz and the MSZP leadership...
Hungary’s draft budget for 2011 aims to keep the deficit at less than 3% of GDP, meeting the Maastricht criteria for euro adoption for the first time since 1995....
While currently it appears to be a success story from an economic and political point alike, the introduction of the bank tax presents significant risks already in the medium term....
Hungarian Prime Minister Viktor Orbán, slammed by opposition leaders and market analysts for his secretive approach to policymaking, has now removed all doubt....
Barring a catastrophe on the scale of an extraterrestrial invasion, the governing Fidesz party will demolish all comers in the 3 October municipal elections....
Fidesz’s changes to the election law have made it hard for politicians to run for Budapest mayor. ...
The latest attack against a Roma family in Kislétamoved the Roma issue and public security back to the agenda. Meanwhile, conflicts are expected within the MSZP over the strict 2010 budget....
Despite generous promises, once in power Fidesz will be unable to splurge and reverse all policy decisions passed by the Bajnai-cabinet; such steps would go against its own vested interests. ...