The fear of a credit crunch
Wednesday, November 7th, 2012A long-time right-wing critic of the government’s economic policy warns that prolonged banking taxes might result in a steep decline in economic output. READ MORE
A long-time right-wing critic of the government’s economic policy warns that prolonged banking taxes might result in a steep decline in economic output. READ MORE
Online headlines posted in the early morning hours tend to reflect the papers’ ideological leanings. Népszava enthusiastically welcomes the result of the US presidential elections, while the two right-wing national dailies express cautious reservations. READ MORE
A columnist writing in Hungary’s main left-leaning daily believes that Ferenc Gyurcsány will soon have to make a hard decision and step back, since his presence may weaken the chances of a wide left-wing coalition which will attempt to replace the Orbán government at the 2014 election. READ MORE
Centrist and left-wing analysts agree that the new system was devised to help Fidesz at the 2014 elections, but may backfire by uniting the opposition and turning away disillusioned Fidesz-voters. READ MORE
In the wake of the uproar over Géza Jeszenszky’s textbook, prominent Hungarians from the USA and some liberal commentators defend the Ambassador while a right-wing editorial claims he was attacked by enemies of the government for simply stating an obvious fact. READ MORE
Left-wing columnists and Roma rights activists are outraged over a textbook passage and have asked the Ambassador to resign. Jeszenszky says he did not intend to offend anyone and dismisses the accusations as unjust. READ MORE
A pro-government commentator says Hungary needs lower interest rates and welcomes the approaching end of András Simor’s era in the National Bank. READ MORE
A pro-government columnist says the election result shows Fidesz still has a strong backing, while the leading left-wing paper describes the alleged fraud in Tiszavasvári as a foretaste of how Fidesz intends to run elections in general. A centre-right analyst says the Tiszavasvári result foreshadows a possible political landscape where neither Fidesz, nor Jobbik nor the left are strong enough to form a government. READ MORE
The leading leftist daily says a partial government bail-out was inevitable but the banks that funded Hungarian local governments are unlikely to recover all their money. READ MORE
A conservative columnist comments on rumours about the breakdown of IMF talks. The government is right to resist IMF pressure to cut wages and pensions, he suggests. But he is at a loss to explain why the government has launched an insulting media campaign against the IMF to coincide with its yearly summit. READ MORE