New elections in Hungary likely

The business newspaper Figyelõ believes that following the announcement that Premier Ferenc Gyurcsány plans to resign new elections are in the air in Hungary: "It is highly unlikely that the socialists will support at all costs a prime minister who has the country's long-term interests in mind and will pay the price of painful social consequences in order to finally put Hungary's economy on a health footing. ... Should the new government leader lack the determination to lead the country out of the crisis, he won't have to wait long for the market's response. Hungary may lose its creditworthiness, or else the Hungarian currency, the forint, may plummet and the country may find itself on the verge of bankruptcy. ... However you look at it, the prospects of a government of experts that is capable of action are poor. Instead new elections look ever more likely."

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