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
“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
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.
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
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
Whose interest might it be to implicate the Chief Executive Officer of Hungary’s oil multinational MOL in a Croatian corruption scandal, which also involves former PM Ivo Sanader? Hungarian commentators speculate. READ MORE