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.
Economics
The Minskys: For Bold Solutions We Ought To Include MMT in Economic Discourse
The need to revamp Western capitalism has brought renewed attention to Modern Monetary Theory (MMT), a school of thought that offers an important and bold perspective on economics and policy solutions. Read here
Economics
DeStatis – German Recession: Stock of orders in manufacturing in May 2024: -5.4% year on year
Stock of orders in manufacturing, May 2024 -0.4%, in real terms, on the previous month (seasonally and calendar adjusted) -5.4%, in real terms, on the same month a year earlier (calendar adjusted) Read HERE
EU politics
Hungary Today: Only Austerity Measures Can Provide More Funding for Ukraine, EU Affairs Minister Warns
The government has published the report on EU funding for Ukraine and the European Commission’s demands for tax increases and austerity measures, the Minister for EU Affairs announced on his Facebook page on Wednesday. Read […]
Be the first to comment