Last Updated July 17, 2008
Hungary's government hangs on
Despite the collapse of the ruling coalition, investors are hopeful the Hungarian government can stick to its fiscal austerity plans and weather the global credit crunch, writes Kester Eddy in Budapest.
The right-wing opposition and its supporting media in Hungary love the word ‘crisis’; they have been using, or misusing it for years in their regular analysis of the government’s performance, highlighting, for example, economic growth of just 1.3% last year, the lowest for over a decade and inflation pushing towards 7%.
