26 April 2010

HUNGARY: Fidesz Party's Orban Returns To Power; Talks Tough.

BUSINESSWEEK/    Fidesz Party leader Viktor Orban returned to power after eight years, with a two-thirds majority in parliament that lets him change the nation's Constitution. And he is talking tough about his economic policies not being dictated by international lenders.  “Hungarians brought down a regime and founded a new one,” claimed Orban. He wants to renegotiate and extend Hungary’s $27 billion emergency loan agreement with the IMF the European Union and the World Bank, which expires in October. "To me, neither the IMF nor the European Union's financial institutions are our bosses. We are not subjugated to them. It would be a big problem if we were."