Top Fidesz MP says Hungary will not default - report

Parliament

"Hungary will not default", Janos Lazar, parliamentary group leader of governing Fidesz said in an interview with fn.hir24.hu on Wednesday.

Asked if there was a possible backup plan for a default on Hungary’s state debt, Mr Lazar said Hungary had been a member of the International Monetary Fund for three decades and had always, and would continue, to repay what it owed.

Asked about speculation that the resignation of either the prime minister or National Economy Minister Gyorgy Matolcsy would be necessary to win back the confidence of financial markets, Mr Lazar said the markets "want money, not names".

 "The money markets decide on money and the voters decide on MPs. This is the order of democracy and economics, and we have no reason to assume these should be changed," he added.

Mr Lazar said Prime Minister Viktor Orban had told Fidesz MPs that there would be no cabinet reshuffle in January.

"We’ll reach the half-way mark of our cycle in July. As is generally known, governments usually build in the first half of their mandate and run, or conjure the building, or in our case the new government structure in the second half. New people could arrive to take on this task and obviously a new style too," he said.

Mr Lazar said Viktor Orban was the only person capable of keeping Fidesz together. "There is no other integrating person capable of leading whom both the party right and left sides can accept," he added.

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.