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Yes, it was you Viktor

It is quite obvious that by blaming the European crisis, Orbán is preparing the ground for his own austerity package. There is no such crisis. Though the growth rate is low, there is no recession. The Mediterranean countries of the euro-zone have significant budgetary issues, but they can still manage to finance their budget deficit.
Europe is in a major institutional trouble. The most obvious problem of the EU is its fragmentation into smaller groups of countries, while the most powerful and influential group – the euro-group – is facing the issue of supporting the common currency through a common fiscal policy and the necessary regulatory and institutional framework. This implies more complete harmonization of tax than social policies. The latter affects century-old national traditions, cultural patterns. It is quite hard to imagine matching the labour regulations of Germany and Portugal.
Hungary is struggling with self-inflicted problems. It is a fact, even if the prime minister does not admit it. We cannot expect him to since he would have to admit that he himself is part of the problem by doing so. The HUF 800 million budget correction constraint was not created by Europe but by the amateurish Orbán government. GDP growth in Poland is above 4%, while we are not moving forward at all. And Orbán has been governing for more than a year.
Let’s remember that at the end of the year 2008, just before the crisis hit Hungary, the budget deficit was 3.8%. Several crisis management measures allowed us to keep this level of deficit until the change in government last year. Then came Orbán’s economic populism, mindless tax reductions, and he destroyed the budget. And now here he stands helplessly pointing his finger at Europe.
Like a kid who starts to cry after breaking the glass in the window:
“No, no, it wasn’t me!”
But the kindergarten teacher and the others saw what happened, and with a little rebuke in their voice they say:
“But yes, it was you Viktor.”
Ferenc Gyurcsány, Facebbok, August 31. 2011.

Last Updated on Friday, 30 August 2013 09:11



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