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October 06 2011

02mydafsoup-01

July 19 2010

Financial Crisis | Negotiations broke down between the Hungarian Gov & IMF & EU | via @globalvoices

The reader comments are also useful to go through to step in the inner Hungarian confrontations concerning the far out right wing government and the socialists, who ruled during the latest elections.

Hungarian Spectrum

July 17, 2010

Negotiations broke down between the Hungarian government and the IMF and EU

This will be a short note because the news broke only three minutes ago and was reported by Index. We know only the following details. The original plan was to hold a press conference on Monday, by which time an agreement had to be reached between the Hungarian government and the members of the delegation of the IMF and the EU. However, the delegation is heading home today. As they announced, at the moment the differences are so great between the two sides that they cannot be bridged. The IMF, however, is willing to resume negotiations at a later date and is therefore giving the Hungarian government more time to mull things over and to provide more details about its financial plans.

The IMF sent the communique to Index, but the Hungarian govenment has said nothing yet. We know little about the details at the moment, but Index suspects on the basis of the IMF communique that the measures taken by the Hungarian government are not sufficient even to maintain the 3.8% deficit this year, much less the 3% next year. “Consolidation demands long-term measures which the authorities need more time to work out.” In my interpretation, that means that the IMF is demanding structural reforms which the Fidesz government wants to avoid because of their political risks. Although it is not clear where Index’s information is coming from, it seems to know that the EU’s objections are even more specific. Apparently they complained that the steps taken to avoid immediate dangers “are not sufficient and only temporary in nature.”

I will keep you posted if anything more comes up.

Posted at 03:57 PM | Permalink

Comments

Jules

“In my interpretation, that means that the IMF is demanding structural reforms which the Fidesz government wants to avoid because of their political risks.” And therein lies the rub. If they were real leaders and not just populist jokers, they would buckle down and get the work done once and for all, but I doubt these guys can see the forest for the trees…

Posted by: Jules | July 17, 2010 at 04:50 PM

Eva S. Balogh

To Jules. One can say all sorts of things about the socialists, but that they buckled down and did what had to be done although they knew what the price was going to be is commendable. Some people thought that they should have resigned and held early elections. Then Fidesz should have been faced with the crisis and the austerity program. Sure, but what would have happened to the country?

Posted by: Eva S. Balogh | July 17, 2010 at 04:59 PM

Mark

“Although it is not clear where Index’s information is coming from, it seems to know that the EU’s objections are even more specific.”

Their press release is much less polite and more specific than the IMF’s one.

http://europa.eu/rapid/pressReleasesAction.do?reference=IP/10/964&format=HTML&aged=0&language=EN&guiLanguage=en

Posted by: Mark | July 17, 2010 at 06:05 PM

Read more at esbalogh.typepad.com
 

May 19 2010

Wer hat uns verraten? Die Piraten! Wer war mit dabei? Die Linkspartei!

Ach wie süß: Dafür, dass das Wahlergebnis in NRW nicht für eine rot-grüne Regierungskoalition reicht, macht der Herr Beck wen verantwortlich? Die Piraten- und die Linkswähler. Na das ist ja einfach. Und vollkommen an der Demokratie vorbei. Nur wer strategisch wählt, vermasselt die Wahl und betrügt sich selbst.
Und wieso glaubt dieser Mensch eigentlich, dass die Piratenwähler rot-grün gewählt hätten, wenn wir nicht gewesen wären?
Wenn aber wir Piraten dafür gesorgt haben, dass die Regierungsbildung kein Zuckerschlecken für die angehende Regierung ist, dann haben unsere Wähler die Wahl nicht vermasselt sondern gewonnen! Denn erst wenn sich mehr als zwei Parteien zu einer Regierung zusammenraufen müssen, kann der Wähler hoffen, dass sich etwas zu seinen Gunsten ändert.
Reposted fromSikk Sikk
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