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 assessing the Orbán government’s performance in its first two years in office all agree that Fidesz has not yet fulfilled its promises. But while left-wing pundits believe it is the fault of the Prime Minister”s mistaken policies, right-wing columnists blame former Socialist governments and international organizations for causing Hungary so many problems. 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
A Népszabadság columnist writes that the Orbán government’s stability is an asset but the EU still has some cards to play if Orbán does not conform to IMF expectations. The editor-in-chief of Heti Válasz describes a piece of advice allegedly coming from the European Commission as disregard for the basic principles of democracy, yet he adds that important matters should be thoroughly negotiated backstage – even if the government’s two thirds majority would allow for unilateral decisions. READ MORE
Now that the European Commission have given the green light for Hungary to start negotiating a credit-line agreement with the IMF, commentators assess the possible consequences of the restrictions announced by PM Viktor Orbán. Both left and right agree that the talks are a step forward, but the country could pay a very high price for the credit-line. READ MORE
Commenting on the planned reforms presented by PM Orbán in Brussels, analysts agree that the Hungarian government has no choice but to take further steps to reduce the deficit after a decade of irresponsible governance. Some, however, fear that the austerity measures will deepen the economic crisis. READ MORE
Analysts agree that the new taxes announced by the government on the eve of Prime Minister Viktor Orbán’s meeting with EU Commission President José Manuel Barroso will be a heavy burden on Hungarian households. They are not sure however, whether the new restrictions will be enough to eliminate the hurdles preventing Hungary from starting negotiations on an IMF credit line. READ MORE
Left wing commentators believe that the European Union objects to the new legal setup in Hungary as a whole, and that is why the road to a credit line agreement has not been opened. One columnist welcomes this kind of “international interference,” but urges the EU to be more explicit in outlining its intentions. READ MORE
As the IMF makes a credit-line agreement conditional on restoring foreign investors’ confidence, a right-wing commentator points out that Hungarians who buy government securities apparently have faith that their country will soon manage to get over the crisis. READ MORE
Pro-government commentators suggest that the government should not cave in to political pressure from the European Union and the IMF, while opposition newspapers warn that by refusing to accept the rules of the game Hungary’s leaders are taking serious and unnecessary risks. READ MORE