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EU to freeze millions for Hungary over deficit PDF Print E-mail
Saturday, 25 February 2012
BRUSSELS - Hungary on Wednesday (22 February) was given less than a year to lower its public deficit or have a third of its EU subsidies slashed, amounting to €495 million. It is the first time the EU commission takes such an action.
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A Malév újraindításának már nincs sok értelme PDF Print E-mail
Saturday, 25 February 2012
Átmeneti lefaragásokból nem lesz tartós költségvetési egyensúly, de a piac most bízik abban, hogy Brüsszel kikényszeríti a megfelelő lépéseket, ezért van remény a konszolidációra – mondja Oszkó Péter volt pénzügyminiszter.
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You can cross the IMF and the EU, but you can’t cross OTP PDF Print E-mail
Monday, 16 January 2012

Over the holidays origo.hu had a piece about the important role OTP Bank chief executive Sándor Csányi has played in helping the government and local banks come to some kind of agreement over how to fix the country’s monstrous forex debt situation. According to an unnamed source quoted by the website, Csányi, “a personal friend of Orbán,” managed to iron things out when the talks on several occasions were about to run off the rails.

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Brussels warns Hungary on constitutional reform PDF Print E-mail
Thursday, 12 January 2012

BRUSSELS - The European Commission has warned Hungary to change parts of its constitution or face legal action amid fears that Prime Minister Viktor Orban is using his large parliamentary majority to undermine the independence of key parts of the state.

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Foes of Hungary’s Government Fear ‘Demolition of Democracy’ PDF Print E-mail
Saturday, 24 December 2011
BUDAPEST — In less than two years as a member of the Hungarian Parliament, Timea Szabo says she has looked on helplessly as the ruling Fidesz Party has used its two-thirds majority to tighten its grip on the news media and the courts, redraw parliamentary districts in its favor and pack the constitutional court with supporters. On Jan. 1, a new “majoritarian” Constitution written and ratified by Fidesz takes hold.
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