[Heatseeker]

Obran’s Fidesz Party, along with conservative allies, won a supermajority in the spring elections. Given how little Brussels respects conservatives, I wonder if this is payback.

[bruinbirdman]

"Given how little Brussels respects conservatives, I wonder if this is payback."

Looks like it.

Hungary instituted fiscal prudence early. Its balance sheet (debt/GDP) looks to be in the top tier of EU states on a par with Germany.

yitbos

[Zakeet]

Obran’s Fidesz Party, along with conservative allies, won a supermajority in the spring elections. Given how little Brussels respects conservatives, I wonder if this is payback.

From the article:

Hungary has Europe’s highest public debt at 80pc of GDP.

Viktor Orban, Hungary’s prime minister who was elected in the spring, last month unveiled a significant austerity package.

However, the European Commission deemed this to be “largely of a temporary nature” and said that the measures “fall someone short” of what is required.

In a statement, the IMF said that Hungary must to reassure markets by achieving the budgetary targets.

There are also some interesting comments to the article.