Fidesz believe that it is a sign of weakness to admit mistakes. That is why they lack the ability to reflect on themselves.
According to Péter Oszkó (financial minister in Bajnai administration) the government cannot boost the spending in 2014, in the year of the next scheduled elections. It could be done in 2002 and in 2006, when the markets reacted slowly to such policies. The investors did not doubt the countries would pay back their debts. Times have changed. A slight budget overrun can cause hysterical reactions. The reactions on the financial markets have become really quick. The Orbán administration cannot afford to raise spending before the elections as the markets would not allow that.
The people’s choice in the elections since the transition has followed logic. Fidesz’s landslide victory in 2010 was not a big surprise either since they appeared to be the only rational alternative. The big issue in Hungary is whether there will be a rational alternative in the 2014 elections.
Lajos Simicska and Zsolt Nyerges (both of them Hungarian tycoons with strong ties to the Orbán administration) have such power because people believe they have. It is a self-fulfilling prophecy. This is the core of their actual power. The current government plays upon the myth of their invincibility. A united opposition could break this image easily.
Last Updated on Wednesday, 06 June 2012 10:36