Commentators agree that the IMF and the EU will make the credit line agreement with Hungary conditional on significant changes in the tax code. But while a left-wing columnist believes that the IMF’s demands would benefit the lower classes, a pro-government pundit contends that it would only be advantageous for multinational firms. READ MORE
A left-wing commentator welcomes the European Commission’s decision to require Hungary to tax farmers who distil brandy. A right-wing columnist find the demand ridiculous and accuses the EU of applying double standards, once again, towards Hungary. READ MORE
The leading pro-government daily welcomes the decision by the ECOFIN to lift the suspension of 500 million Euros in aid to Hungary, and explains it as an open acknowledgement of the validity of the government’s economic policies. Left-wing commentators, on the other hand, believe that the Hungarian government has wasted two years and was forced by the EU to back-pedal on the counter-productive economic strategy it initially pursued. READ MORE
Commentators on both the left and the right warn that the victory of Greek moderate parties in Sunday’s elections will not bring the economic and political crisis in the country to an end. They all agree that if Greece defaults, it will entail the end of the European Union. READ MORE
Centrist analysts call the economic performance of the government disheartening, while right-wing commentators draw attention to a recent opinion poll according to which voters are still more satisfied with the present government than with the two previous ones.
Népszabadság urges the government to revise its reticent attitude towards demands put forward by the EU to ensure the independence of the Hungarian National Bank. Magyar Nemzet cautions against either rejecting or accepting those demands in their entirety. READ MORE
Commentators all welcome the recommendation of the European Commission that an earlier threat to suspend development aid to Hungary should not be carried out. They also warn, however, that the government still has a lot to do in order to boost economic growth and restore investors’ confidence. READ MORE
Pro-government commentators wonder whether Hungary can expect more flexibility from the EU and the IMF, after Olli Rehn and Christine Lagarde suggested that the principle of deficit cuts is not carved in stone – for some EU member states, at least. READ MORE
Right-wing analysts ponder the possible consequences of the French and Greek elections, and express concern that the EU may fall into an even deeper political and economic crisis as a result of the strengthening of anti-austerity populism. READ MORE
Commenting on last weekend’s elections in France and Greece, a left-wing and a liberal conservative analyst both warn that the Hungarian government may be put under increasing international financial and political pressure as discontent with austerity measures increases throughout Europe. READ MORE