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Probably something of both.

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  • We just have to accept that and let him get on with it.
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Last week, he elicited gasps of horror when he thumbed his nose at a line of credit from the EU and the International Monetary Fund, declaring "We want to regain Hungary's lost economic sovereignty. But Mr. And disenchanted with the results of IMF- and EU-imposed austerity, he's decided that a pro-growth economic program is more valuable than cheap credit from international institutions.

It's ubs fund gate suisse anti aging to argue with the impulse.

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  • And that's because they've swallowed one of Adam Smith's main tenets: people act out of rational self-interest.
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The IMF has been "austering" countries into stagnation for decades now. But then again, some of Mr. Orban's own ideas seem destructive of his goals.

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The flat tax is both admirable and audacious, and a proposal to cut some corporate income tax also shows an awareness that what Hungary's economy needs is expansion. Hungary depends heavily on foreign capital, and punishing banks hardly encourages them to make credit available in the country.

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Orban's efforts to manipulate monetary policy and scapegoat the Central Bank's governor are equally unhelpful to Hungary's prospects. A recent poll shows the new government's fracas with the EU and IMF is playing fine in Hungary, where independence from foreign overlords has been a reliable political theme for the past years.


So far, the market also seems to be holding its nerve. Last week Hungary sold more than expected in a government bond auction.

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Hungary's 3-month treasury bills were also in higher-than-expected demand at Tuesday's weekly auction. Orban made a name for himself 20 years ago by demanding the withdrawal of Soviet troops from Hungarian soil—a noble business, but done with a rabble rouser's touch that's never left him. He's taken another bold gamble in betting that markets care more about growth than the IMF's notion of rectitude, and at least some of what he's saying and doing in what one aide calls his "economic freedom fight" isn't improving his odds of success.

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But if he lays off the populism and sticks to the growth mantra, he might just defy the conventional wisdom again. A történetekből pedig az derül ki, hogy ezek egy része bevallottan spekuláns.

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Azoknak nincs jó megoldás, azt hiszem. Ugorjuk át azt a problémát, hogy ha a költségvetés jó, akkor minek kellene megszorítás, ill. Rózsa egy fegyelmezett hivatalnok.

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A Nagy Reformerek után kifejezetten jó egy kis nyugi. Ha ubs fund gate suisse anti aging elkezd a fidox az oktatásban kavarni, meglátja mekkora balhét csapnak a ballibák. Most az a megmondás, hogy 1, a Fospumpa nem csinál semmit, 2, szakszerűtlen, tönkreteszi ezt a virágzó országot, 3, diktátor.

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