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2012-10-08

Adjusting to economic reality

To keep the budget within EU mandated limits, the government has introduced new austerity measures after admitting that its pessimistic growth projections were in fact wildly optimistic.
Adjusting to economic reality

To keep the budget within EU mandated limits, the government has introduced new austerity measures after admitting that its pessimistic growth projections were in fact wildly optimistic. It is becoming apparent that like its predecessors, Fidesz has given up any notion of implementing major reforms before its term expires in 2014. Instead, it will implement patchwork solutions to react to immediate problems, such as the movements of the deficit. Unfortunately, it also follows that tinkering with the rules of democratic elections will have a greater impact on the election outcome than economic policy. This sad insight is already reflected in the government’s priorities.

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Policy Solutions is a progressive political research institute based in Budapest. It was founded in 2008 and it is committed to the values of liberal democracy, solidarity, equal opportunity and European integration. The focus of Policy Solutions’ work is on understanding political processes in Hungary and the European Union. Among the pre-eminent areas of our research are the investigation of how the quality of democracy evolves, the analysis of factors driving euroscepticism, populism and the far-right, and election research. 

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