still

22 December 2011

The recent decision by a second credit rating agency to downgrade Hungary’s credit rating to junk has been hailed by the Hungarian Socialists and LMP as a vindication of their criticism of the Orban administration.  In their view, the current Hungarian government is akin to a ‘fascist dictatorship’ which has snuffed out democracy in Hungary and the more that the international community can do to reverse Fidesz policy the better.  Into this equation, the opposition lump the IMF negotiations and the frequent criticisms of the European Commission and Parliament.