freelogoOur objective is to provide English speaking readers interested in Hungary with a well balanced view of political activities in Hungary by featuring contents from various printed and online sources together with our own commentaries. We are convinced that Hungary is built on all sorts of different ideas, thoughts and opinions and, despite of the new Media Law, our aim is to provide an alternative and reliable source of information – contrary to the one-sided press of the government – for those who want to hear the voice of a free Hungary.

Matolcsy, the engine

I picture the moment when, finally, the prime minister decides who should be the next leader of the National Bank of Hungary (MNB). There are so many names to choose from: Godon Bajnai, Péter Oszkó, Csaba László, Tibor Draskovics, György Matolcsy, János Veres. It is not easy to weigh the pros and cons against these men, but finally, and unsurprisingly, the PM decides on György Matolcsy. From now on, he shall be the overlord of Freedom Square. The prime minister interfered with the autonomy of the bank, when he stipulated that the leader should have governmental experiences. Of course, the bank remains independent, says Mr. Orbán, but these qualities are essential. Therefore, the PM's choice is quite evident. The former minister for economic affairs has the required monetary experience. One of his challengers could have been Sándor Pintér, the minister for interior affairs. He also has governmental experience; alas he is not a representative in the Parliament. (Although being a representative is not a condition for the MNB, it certainly is if you want to be a constitutional judge). In the world of the prime minister, the leader of the MNB should follow his explicit instructions. Therefore, the leader only proposes such steps, which the prime minister wants to hear. In the person of Mr Matolcsy, the PM has just about found the right person. These two people perfectly complement each other. The fear about the autonomy of the bank is wholly unfounded, since the bank, independently from the government, will implement the same measures as the administration. Forget about Audi and the other economic measures which were to have revived the sluggish economy, the new economic centre of Hungary is called Freedom Square, its engine György Matolcsy. According to the PM, the country is performing better, now the MNB should follow suit. And who better to put our trust in, than the repository of our great success?

Levente Tóth; Népszabadság; March 2. 2013.

Newsletter

Comments

Written on 21/12/2017, 21:09 by admin
jerusalemJerusalem, the eternal capital of the state of Israel and the Jewish people, finally got the official recognition which was overdue for decades....
Written on 13/09/2017, 20:13 by admin
guest-post-eu-and-orban-two-good-friendsThe decision of the European Court of Justice, according to which Hungary should accomodate more than one thousand refugees is at the same time appaling...
Written on 06/10/2016, 19:58 by admin
guest-post-the-day-after-the-referendumThe much anticipated referendum about the resettlement of migrants in Hungary was declared invalid, however, those who voted overwhelmingly rejected the...
Written on 23/06/2016, 06:31 by admin
disintegration-or-something-else-gyurcsany-s-solutions-to-the-ills-of-western-democracies  Something has gone wrong. Quietly, but ever more noticeably, more and more people in more and more places are in revolt. In the American...
Written on 06/04/2016, 19:20 by admin
how-germany-and-its-leftist-liberal-supporters-killed-solidaritySolidarity. This is the word that is probably is the most used and misused term in European politics. Its original meaning is supposed to mean to show...
Written on 23/03/2016, 20:30 by admin
the-orban-regime-can-only-end-in-failure  Change in the Orbán regime is only possible in the event of its downfall, so ruling Fidesz either becomes successful with its current set of...
Written on 23/03/2016, 20:20 by admin
anger-or-resignation  No matter how hard Mr Orbán is trying to get rid of his old cronies, he just cannot get rid of himself. He is too old for his system. The...
Written on 14/01/2016, 20:51 by admin
europe-s-new-yearThe European continent had a very difficult year in 2015, but that may be dwarfed by 2016. The most heated issue will be, without a doubt, the migration...
Written on 09/12/2015, 14:16 by admin
the-secret-diaries-of-viktor-orban-nov-dec-2015November 14th 2015I awoke to the shocking news about the Paris attacks last night. Words cannot express my feelings of shock.It turns out that one of the...
Written on 12/11/2015, 14:31 by admin
spies-in-the-newsroom   According to a new scheme, the government might place spies in the newsrooms, to have a better view of what is being written. This all...
Joomla templates by Joomlashine