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Világgazdaság - Hungary | Tuesday, October 28, 2008

Hungary in the mirror of the EU

Two and a half years before Hungary takes its turn at holding the EU Council presidency for the first time, György Fóris reflects on the country's negative image. "For years we were seen as the EU's model pupil. ... But after EU accession [2004] our appalling deficiencies gradually came to light. First the forint [Hungary's currency] collapsed, then the budget deficit and the national debt got out of control, and finally Hungary was the only country that was unable to fulfil a single Maastricht criterion [prerequisite for joining the monetary union]. ... After years of watching its image deteriorate, Hungary's EU presidency in two and a half years' time could present the opportunity to improve our country's reputation. ... If, however, Hungary's functionality and performance leave much to be desired, if the nation is continually forced to feel ashamed of its economic figures, ... if it is constantly in the role of petitioner and having to justify itself to others - while an endless internal battle drags on in the background - the 'weight' of its council presidency will be greatly reduced."

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