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Archive for the ‘Világgazdaság’ Category

Brussels to lift excessive deficit procedure

Monday, May 27th, 2013

A left wing daily claims that Prime Minister Viktor Orbán is bound to win the sympathy of the voters whether Brussels waives the excessive deficit procedure or not. A pro-government daily suggests that the EU has run out of excuses to keep a punitive measure in place, which in any case had more to do with anger with a country that defies orthodoxy yet remains successful. A business daily focuses on the new taxes to be introduced to meet the deficit target, and maintains that the planned tax on commercials and advertising revenue guarantees further control over the commercial media. READ MORE

EU not to ease pressure on Hungary

Monday, May 6th, 2013

Commentators from left to right believe that the EU is unlikely to lift the excessive deficit procedure imposed on Hungary, and agree that its motives are political. A pro-government commentator says there are foreign interests behind the pessimistic EU forecast, while both a left-wing editorial and a business columnist interpret the move as a warning to Hungary. READ MORE

Conflicting opinions about Matolcsy’s appointment

Monday, March 4th, 2013

Newspapers are full of mostly cautious speculation about the fate of the National Bank under György Matolcsy who hasserved so far as Minister for National Economy. While some commentators see his appointment as a coup, others point out that the markets had taken the change for granted. READ MORE

More controversy over the National Bank chief

Friday, February 8th, 2013

A left-wing columnist suggests that the National Bank will surrender its independence after the appointment of its new president next month. A conservative pundit doubts that the National Bank has much room to stimulate growth through monetary policy as hoped for by the government. READ MORE

Business commentator sides with angry South Europeans

Saturday, September 29th, 2012

Hungary’s main business daily carries pungent criticism of the restrictive policies Brussels is imposing on Southern Europe. READ MORE

Ruminating about EU sanctions

Thursday, March 15th, 2012

Hungary’s leading business daily warns that the sanctions imposed on Hungary by the European Union are just the beginning of the road, and instead of complaining about being treated unfairly, Hungary had better comply with the recommendations of the European Commission. READ MORE

Járai calls for a brand new economic policy

Saturday, January 14th, 2012

“It is crystal clear by now that the markets cannot tolerate Hungary’s “unorthodox” economic policies any longer,” says PM Orbán’s former Finance Minister. READ MORE

Buying time from the IMF?

Thursday, November 24th, 2011

Analysts usually sharply critical of the government’s economic policies suspect that the Hungarian government has no real intention of cooperating with the IMF, but wants to buy time to calm the markets instead. One liberal commentator does not exclude the eventual collapse of the Forint as a result of an American attempt to topple Orbán’s government.

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Seeking a way out

Monday, September 12th, 2011

Commentators, including right-wing business analysts, find few kind words for  a planned legislation, which would allow individuals who are heavily indebted in foreign currencies to pay off their mortgages at much improved exchange rates. The government’s idea to introduce a new luxury tax is received more kindly, although it will have to be approved by the European Union before it can be implemented. READ MORE

Former Finance Minister’s self defence

Friday, August 5th, 2011

Commenting on the governing party’s plans to sue those responsible for Hungary’s debt burden, Former Finance Minister Péter Oszkó makes a passionate defence of his one year performance. READ MORE