It is quite astonishing: Viktor Orbán’s heyday in Hungary began when, following the end of massive currency speculation (carry trades) that had massively overvalued the Hungarian forint, the forint plummeted and left many homeowners who had taken on debt in foreign currencies (Swiss francs or Japanese yen) due to low interest rates in enormous difficulty. Orban promised that the state would absorb a significant portion of the speculative losses – and won.
Austerity
France 24: Christmas plans threatened as French strike drags on
The strike continues. Purportedly 54% of the population supports the demands Read here
EU politics
Robin McAlpine: Escaping corrupt London finance is one of the biggest opportunities of independence
Common Weal director Robin McAlpine argues that Scottish independence offers the only escape from a system in which bankers win every time Read here
EU politics
Media Freedom Rapid Response – Terrorism investigation into Catalan journalist raises concerns ahead of elections
Journalists and media freedom organisations express concern over the investigation for terrorism of Catalan journalist Jesús Rodríguez Sellés. Read the statement HERE.
Be the first to comment