logo

News

2012-01-06

The craziest 7 days of 2011

It took the Hungarian government months of increasing budget qualms to realise that it’s better to have an IMF umbrella than not to have one. Yet it appears that the realisation was theoretical.
The craziest 7 days of 2011

It took the Hungarian government months of increasing budget qualms to realise that it’s better to have an IMF umbrella than not to have one. Yet it appears that the realisation was theoretical. The Orbán government emphasised that no major policy concessions would be forthcoming to reach an agreement with the Monetary Fund, but it failed to warn the public in time that it planned to implement measures to make an agreement far less likely. Even as the IMF and EU delegations were involved in talks with their Hungarian counterparts, Fidesz introduced bills that would allow the government to take control of the Central Bank, while it also wishes to nationalise the few remaining accounts in the formerly mandatory private pension scheme. Fidesz is simultaneously undermining democracy, the rule of law and what’s left of Hungary’s international standing.

Policy Solutions' analysis on the craziest 7 days of 2011 can be downloaded from here.



Back

About Us

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. 

More

Facebook

Follow us on Facebook!

Newsletter

Subscribe to our newsletter!