Orbán lashes out at EU's Almunia

Parliament

The EU this week backed Prime Minister Ferenc Gyurcsány’s program to control Europe's widest budget shortfall. Almunia called the measures necessary, though warned there was substantial risk the government won't enforce them. „I wish for this gentleman to move here for a bit, live off Hungarian wages, be in the situation of an average Hungarian family,” Orbán said on state television yesterday. „I could have great ideas from Brussels, with an EU commissioner's salary about what Hungarians should do, how to skin them.” Gyurcsány, under fire from protesters and opposition to resign after a tape leaked to media revealed he lied about the economy, is raising taxes and cutting subsidies to tame the deficit.

Orbán, Hungary's premier from 1998 to 2002, said Almunia overstepped his authority by saying the government's plan was needed. Investors were also mistaken when they portrayed Gyurcsány as a key to fixing problems in the Hungarian economy, he added. Fitch Ratings and Moody's have both cut their outlook on the country's debt rating on concern the government would be weakened. „Investors want to get their profits and what they need for this is as little democratic noises as possible,” Orbán said. „The premier himself is the biggest obstacle of stability. The western businessmen will realize this sooner or later.” Orbán is among the people urging Gyurcsány to resign. He also said the austerity measures should be reversed. His Fidesz Party framed the October 1 municipal election as a referendum on Gyurcsány and his program, saying a caretaker government should be formed and a new general election called if governing parties lose the vote. (Bloomberg)

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.