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Nánási, Tamás
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5 articles of this author have been cited in the European Press Review so far.
Hungary's economic model successful after all
Hungary's economy has grown by 0.7 percent in comparison to the fourth quarter of 2012, while inflation is at a historical low. The economic data gave the Hungarian currency a boost on Wednesday. For the right-wing conservative daily Magyar Nemzet this is proof that the government's much maligned "unorthodox economic policy" is finally bearing fruit: "Perhaps we shouldn't start boasting prematurely, but there are growing signs that Hungary's unorthodox economic policy is a success. ... The fact is that the present inflation rate of 1.7 percent is unprecedented under the free market conditions of the last two decades. ... The country's economic upturn is also a genuine surprise. While in the first quarter of 2013 the Eurozone has seen its overall gross domestic product (GDP) contract by 0.2 percent and the EU 27 have registered a 0.1 percent decline in their GDP, Hungary's economy grew by an impressive 0.7 percent."
» full article (external link, Hungarian)
More from the press review on the subject » Economic Policy, » Hungary
Poor countries will be hardest hit
The initiatives of several member states aimed at a reduction in the EU budget for 2014 to 2020 give rise to concern that the budget will be cut to the detriment of the net recipients in the EU, and Hungary in particular, in the eyes of the conservative daily Magyar Nemzet: "The EU summit that begins today will be overshadowed by the Eurozone crisis. ... All those member states that pay more into Brussels coffers than they receive want to see their contributions reduced. This means the volume of the EU budget will presumably shrink, which is understandable from the point of view of the net contributors. But that the cuts should work to the detriment of the poor countries and the advantage of the rich states is scandalous and unacceptable, to put it mildly. The Hungarian prime minister [Orbán] is destined to receive the biggest slap - and this should come as no surprise. For some mysterious reason Brussels has picked out Hungary as the member state from which it will withdraw most funding."
» full article (external link, Hungarian)
More from the press review on the subject » EU Policy, » Fiscal Policy, » Hungary, » Europe
IMF demanding too high a price from Hungary
A list of drastic measures called for by the International Monetary Fund (IMF) in return for lending Hungary money has been circulating in the Hungarian media since Thursday. The IMF is putting far too high a price on its financial help, the conservative daily Magyar Nemzet complains: "If we really are called on to reduce pensions, cut family benefits and increase the income tax, if we are expected to scrap the bank tax and support the banks with government capital subsidies, or in other words, if the people are to make more sacrifices than the capital, this is unacceptable for us. Then there will be no new credit agreement between the IMF, the European Union and Hungary. … The government certainly won't willingly approve an economic programme that will result in its losing the elections in 2014."
» full article (external link, Hungarian)
More from the press review on the subject » Fiscal Policy, » Economic Policy, » Hungary
Athens' fate is sealed
The EU is only delaying Greece's bankruptcy unnecessarily instead of preventing it, writes the conservative daily Magyar Nemzet: "The fate of Greece will remain in our memories for a long time to come as an example of what money given in a way that both suffocates and exploits the victim is worth. ... It looks very much like every option, even that of financial help, will inevitably lead to the country going bust. ... Obviously the West is just playing for time with the goal of prolonging Greece's agony. This will go on until Athens is finally expelled from 'paradise', or in other words the Greeks are deprived of the single currency. Perhaps they would fare better without it anyway."
» full article (external link, Hungarian)
More from the press review on the subject » EU Policy, » Economic Policy, » Greece, » Europe
The IMF will rule Hungary
The conservative newspaper Magyar Nemzet fears that the IMF will in future take over the business of government in Hungary. "The fate of the country will from now on be guided by the International Monetary Fund. The government [of Prime Minister Ferenc] Gyurcsány will continue to rule as a puppet government. ... Our real prime minister will be called Dominique Strauss-Kahn, who recently almost lost his job as IMF chief because of a love affair. But the affair might even prove to be advantageous to us, for the IMF president is sure to have found out something about Hungary from his lover, who is of Hungarian extraction. ... [Nevertheless] our worst nightmares are ... now becoming reality. At any rate, we have lost the economic independence of which opposition leader Viktor Orbán recently spoke. And if we are told in future that because of IMF aid we have to keep tightening our belts, let us console ourselves with the curious fact that Hungary is the only colony of the International Monetary Fund within the EU."
» full article (external link, Hungarian)
More from the press review on the subject » Fiscal Policy, » Hungary, » Global
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