Orbán says Hungary should still seek IMF/EU safety net; augurs hard times ahead for Europe
Prime Minister Viktor Orbán said in an interview on public radio on Friday that a recent European Commission report that projects Hungary's general government deficit will be under the 3% of GDP threshold next year shows the country can stand firmly on its own feet even without the International Monetary Fund. But he added that Hungary should still continue to seek a financial backstop because of hard times ahead in Europe.
"That's why I'm recommending that Hungary continue to negotiate with the IMF, because difficult times are coming in Europe..., and it would be good for us if we had a safety net," Orbán said on Kossuth Radio's 180 perc program.
Orbán said the new Land Act would be enshrined as a cardinal law, requiring a two-thirds parliamentary majority to approve and amend.
He said he believed the government was not opening up a new front with the European Court. "But we'll see, if we do open a new front, we'll win that battle too," he added.
The new Land Act moves Hungary's farm sector in the direction of restricting big landowners, he explained.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.