And this old post must be read, too. It was written on the 18th of January, 2012, five days before hundreds of thousands Hungarians took to the streets of Budapest in freezing cold in defense of the Orbán-government.
PM Orbán later said several times this huge rally prevented EU/IMF from doing to what Hungary what they did in Italy and Greece, that is replacing their democratically elected prime ministers with their stooges.
While the media in general are paying far more attention to Greece and its determination to play by the rules and thus win back market respect, Hungarian maverick Viktor Orban takes the opposite view. He may well represent a far bigger threat to the shibboleths of our current form of capitalism.
It’s hard to be anything other than equivocal about the rumbling Hungarian crisis. On the one hand, Magyar Prime Minister Victor Orban appears to be in the same Bonkers League as Recep Erdogan, displaying as he does the familiar mix of controlling political power-grabs, while pursuing economic policies best described as All over the Place. But on the other hand, Orban was elected with an overwhelming majority, he inherited most of the fiscal problems from the previous deficit-obsessed New Labour-style government (Peter Mandelson had quite a few ‘friends’ in it), and…
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