Previously.
On 1 January Hungary's new Constitution came into effect which, amongst other things,
entrenches the power of the current ruling party, FIDESZ, and enshrines social issues such as the right of the unborn child. Many so-called cardinal laws have been passed in Parliament which requires a 2/3 majority to change.
The president of the EU, José Barroso
wrote to the Hungarian Prime Minister, Victor Orbán, requesting a rethink of two such laws which impact the political independence to the Central Bank. This was
rejected by the Hungarian government.
Economically things are tough with Hungary
requesting additional IMF assistance but they
withdrew from informal talks, citing concern over the independence of the central bank. Hungary's debt was
downgraded to junk status with rating agencies citing concerned at the relationship with the IMF.
[more inside]
posted by vac2003
on Jan 3, 2012 -
27 comments
First there was the
State Language Act that many
Hungarians and
EU observers claim discriminates against the significant Hungarian minority in Slovakia. The Slovaks were predictably
indigent. The issue isn't
new though. Relations soured further when the Slovaks recently
refused
entry to the Hungarian President. Clearly, there is much
history to overcome.
posted by vac2003
on Aug 31, 2009 -
34 comments