HUNGARY’S NATIONAL SECURITY

22 June 2011

Some eyebrows were raised recently when it became known that the Hungarian government had bought a significant number of shares in MOL, a national energy champion of sorts.  Political opponents focused on the apparent use of funds previously loaned by the IMF to complete the deal – somehow suggesting that such a move was improper – while other commentators noted the undercurrents of energy security as a prime catalyst for buying the shares.