Opposition repositioning lessens political risks
The fact that Fidesz, Hungary’s leading opposition force recently increased the distance from a populist, demagogic rhetoric has reduced political risks in the country significantly, according to the latest analysis by political think tank Political Capital.
The ideas of Viktor Orbán and the economic aides inside and around the party can be considered as an improvisation, rather than an accurate economic program, since there are several groups in Fidesz with different economic policy notions (among others are former finance minister Mihály Varga, former minister of economy György Matolcsy, former NBH governor Zsigmond Járai). Furthermore there are outsider professionals also who influence the final Fidesz-program (which is in a materializing period): György Szapáry (whose name was mentioned by the party president), Péter Ákos Bod, Attila Chikán and some analyst institutes. The differences between the concepts can be discovered in the issue of the government debt for example. According to Viktor Orbán the debt burden is one of the greatest problems of the Hungarian economy, meanwhile Péter Ákos Bod – referring to the Polish example – says that debt consolidation wouldn’t really help the economy. There is no consensus either on the subject of taxation: while Zsigmond Járai seems to support flat rate taxation, Mihály Varga and further politicians in the party prefer the so-called family taxation.
It is hard to see which rivaling notion will make it to a potential government program, it depends on the outcome of the combat between the professionals, and also on the personal composition of the future government. Viktor Orbán obviously tries to keep being uncommitted to any of the concepts, furthermore he named different professionals from the people mentioned above, as potential economic leaders of the party. Under these circumstances the economic program of Fidesz hardly can be sketched, only a few elements can be projected.
In the last period several statements by Fidesz politicians made it clear that the party had no complex remedy for the current economic troubles. However these market-friendly statements predict notable conflicts with the market players. Since Fidesz heads to minimize its loss of credibility, the party – sometimes plainly, sometimes obliquely – is compelled to mention some expectable measures that are unfavorable for different groups, including the business elite. (press release)
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.