Fidesz MPs ‘fully’ behind Matolcsy
MPs of governing Fidesz stand "100%" behind National Economy Minister Gyorgy Matolcsy, parliamentary group leader Janos Lazar told journalists on Monday.
Mr Lazar said the government’s intention to continue financing the country on the market was not changed by the government’s initiation of contact with the IMF. The IMF cooperation will be "our insurance against an accident", he said.
Mr Lazar said a meeting of Fidesz's parliamentary group on Monday touched on the IMF cooperation, but added that at this point there was not anything to discuss.
The cooperation is necessary to allow Hungary to achieve economic growth, he said, reiterating what members of the government said earlier. Achieving economic growth of around 1pc is more certain if one "has accident insurance", he added.
The government's 2012 budget bill is based on an assumption of 1.5% GDP growth. But Prime Minister Viktor Orban said on Friday that the projection could be revised downward if Germany -- Hungary's biggest trading partner -- lowers its growth forecast.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.