IMF
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....
On May 24, Prime Minister Viktor Orbán unexpectedly, although not without preliminaries, announced: the government acquired the 21.2% stake of Russia’s Surgutneftegaz in MOL for EUR 1.88 billion....
Fidesz’s changes to the election law have made it hard for politicians to run for Budapest mayor. ...
Although Hungary currently has no urgent need for outside financing, the IMF loan served as a safety net should the country find itself in a tight spot....
As the new government will have little room for boosting the budget deficit, its economic policy will not represent a sharp turn from that pursued by the Bajnai-cabinet....
Hostility toward international financial institutions skyrocketed in Greece after its government agreed to austerity measures in return for economic assistance from the IMF and the EU....
With 68% of the seats in Parliament, Hungarian Prime Minister-in-waiting Viktor Orbán and his Fidesz party will be able to form the most stable government Hungary has had since the transition....
Fidesz, the party that scored an unassailable majority Hungary’s parliament this month, may discover that it has pitched its tent too wide....
Joining the Eurozone is one of the few political issues in Romania upon which all major political parties agree....
The economic situation in Romania could well be worse than the government makes it out to be....
As Fidesz gets closer to governance, its politicians are becoming more and more cautious when talking about their program. Fidesz’s policy wonks are putting less emphasis on stimulating the economy....
Fidesz, which had been pursuing a strategy of “tactical reticence” in its campaign communications, recently released its election manifesto entitled “The Politics of National Affairs.”...
Hungary, which was close to bankruptcy at the end of 2008, made brutal spending cuts. The Greek government meanwhile responded to the crisis with lavishly spending money that it did not have....
Fidesz continues to dominate the polls, regardless of accusations that it does not have a program. The Socialists are pushing a more populist tone in order to mobilize their traditional voters....
Neither the hardships of the global economic crisis nor a scathing IMF report on Montenegro’s fiscal performance has managed to loosen the governing Democratic Party of Socialists’s grip on power....
Romania’s economy is on the path to recovery at long last, but the government still faces a rough road ahead....
Romania can expect the long-awaited third and fourth installments of its stand-by loan from the IMF after the Fund gave Romania’s economy a favorable review last month....
Montenegro’s loan negotiations with the International Monetary Fund hang in the balance after the IMF pinpointed several shortcomings in Montenegrin finances....