Editorial: Crumbling bedrock


The start of the fall parliamentary season brings another modification to a cardinal law, a piece of legislation that requires a two-thirds majority to pass, amend or revoke. This time it marks a backpedaling on one of the key concerns Prime Minister Viktor Orbán voiced after taking office, which was the need to reduce the debt that is crippling the country’s economy.

Orbán has made no secret of the fact that he has long-term plans for the country, which is reflected in the revised, extended mandates of his appointees to key public offices and especially when cementing his ideas in law. When it was raised that this attitude essentially ties the hands of any government for decades to come, given how rare it is for a political group to get a super majority, he responded by basically saying, “yeah, that’s the idea.”

Of course, the concept of building something to last on a whim, overnight, has already proven faulty as seen by the sequence of revisions to the constitution or smaller laws, like the annual budget. History has already discredited Orbán’s concept that the stability he envisioned for the coming decades may be viable even with what has obviously been insufficient forethought and a reluctance, if not outright refusal, to ask the opinion of anyone else beforehand.

More interesting to see is the contradiction between his desire for his own policies to be cast in stone, while constantly dismissing the one thing every single private sector participant has asked for, i.e. some predictability in policymaking. Orbán and everyone else in his government have been very vocal whenever they assumed Hungary was treated based on double standards internationally. Yet, when businesses ask for stability, the prime minister cites the captain commanding a ship on a tumultuous sea, who would thus be a fool to keep trudging ahead instead of navigating the water as conditions dictate.

On the other hand, this is exactly the thing Orbán seeks to take away from any potential future government by those politicians who are currently in opposition. Even with the Fidesz-KDNP coalition currenly looking good for reelection in 2014, it most likely won’t be able to retain its current supermajority.

Seeing that time and time again, the wisdom of lawmaking that was supposed to last for an eternity has been flawed, Orbán is set to find himself in a position when he will have to ask for the cooperation of the political opposition to repeal his own laws. At which point the spacetime continuum itself will surely ripple from the shockwave of the irony.


Policymakers Cut Central Bank Base Rate by 100 bp to 9% MNB

Policymakers Cut Central Bank Base Rate by 100 bp to 9%

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Competition Office Launches Probe of Temu Retail

Competition Office Launches Probe of Temu

Shortlist for Expat CEO of the Year 2024 Unveiled Awards

Shortlist for Expat CEO of the Year 2024 Unveiled


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.