13 March 2012

HUNGARY / EU : 15 March UPDATE: Orban Blasts Brussels Control After Funds Freeze Threat.


       During a speech celebrating Hungary's uprising from the Hapsburg regime...PM Viktor Orban attacked Brussel's fiscal interference...calling it a Soviet-like bureaucracy.
   Brussels allowed Spain's PM Rajoy to fudge his budget deficit...but would not let controversial populist PM Orban get away with it.
    The EU will suspend E495 mn/$655 million in loans next year...unless Budapest passes more budget cuts in the next 3 months.
    Austria called the decision a clear case of 'double standards.'