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Socialists to blame for airline bankruptcy

The Hungarian airline Malév stopped operating on Friday after 66 years because it could no longer pay its outstanding bills. The conservative daily Magyar Nemzet blames the bankruptcy on the left-liberal governments: "Malév is the first major state-run transport company that the government could no longer save in the midst of the economic and financial crisis and while observing EU rules. The Malév bankruptcy is a portent for Budapest's financially struggling transport companies, the state-run bus company Volán and the Hungarian national railway network. ... What is the actual cause of the bankruptcy? The practice since the collapse of communism of reducing the major state-owned companies to cemeteries for members of the cadre, free hunting grounds and bountiful sources of money for the parties. ... Under the socialist and liberal governments the state-owned companies could be plundered on a grand scale as long as the state kept forking out billions for their continued operation."

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