EU plans to freeze Hungary funds over budget deficit

[hellheaven1987]

The European Commission plans to suspend 495m euros (£417m; $655m) of Hungary's EU funds next year because of the country's huge budget deficit.

The penalty is "unprecedented" for an EU nation, said a statement from the commission - the EU's executive arm.

Source

This is interesting, and also brings the question whether East Europe would join their southern brothers soon or later...

[Manuel I Komnenos]

This isn't something new really, Hungary has experienced serious economic troubles even before the Greek problem/

[magpie]

Seems they are on a roll at the moment! Send in the austerity squad!

[Manuel I Komnenos]

Seems they are on a roll at the moment! Send in the austerity squad!

Isn't IMF already there? If it isn't, it'll soon be.

[Thorn777]

Well since rightwing neo-liberals have been ruling the country pre-JOBIK, there isnt much left for the IMF to do.

[Manuel I Komnenos]

Well since rightwing neo-liberals have been ruling the country pre-JOBIK, there isnt much left for the IMF to do.

The truth is that once IMF comes to a continent, it's difficult to make it go away.

[Claudius Gothicus]

Isn't Hungary being run by some sort of racially oriented party right now? there's some crazy going on in there.

[Vizsla]

Germany broke the 3% budget deficit rule back in 2003. France did same. Obviously a sign of being hopelessly fiscally incompetent.
Funny how these sanctions only get applied to the smaller countries, isn't it?

[Ahlerich]

Germany broke the 3% budget deficit rule back in 2003. France did same. Obviously a sign of being hopelessly fiscally incompetent.
Funny how these sanctions only get applied to the smaller countries, isn't it?

nah thats not true. its true germany started the tradition of breaking the rule but many others did since then.

now the plan is to not accept rule violations anymore and thats right. if germany violates the rule now again and gets aways with it, you may complain. another difference is that germany is one of the top net contributors of the eu and hungary is a receiver. they also dont have to pay the fee they jsut might not get the eu payments for improving the country.
in other words they try to do right what they did wrong. its a good start. now i only want to see the next big broken rule fixed and enforced. "no bailout for other member states"

also hungary has democracy issues as well. its a very very difficult child of the eu

[General Brittanicus]

I might have missed it in the article, but how big is Hungary's deficit?

Isn't Hungary being run by some sort of racially oriented party right now? there's some crazy going on in there.

I think they made some rather controversial changes to the constitution recently as well didn't they? I can't remember what they were exactly, but i believe there were fears that they were damaging to democracy in that country or some such thing.

[Mr. Bean Laden]

Isn't Hungary being run by some sort of racially oriented party right now? there's some crazy going on in there.

FIDESZ has been ruling the country for almost two years now, the party you refer to is JOBBIK, whom the government has some ties with, it's considered "fascist, neo-nazi, anti-semitistic", and I'm not gonna say otherwise myself.

I think it's funny that the Hungarian people went to the streets to protest "not-quite-peacefully"(if someone knows/remembers the tank-stealing) a few years ago in 2006 when the opposition was the government, while they did like only 1/10 of what the current government does.

Anyways, I don't want to get into politics on the forums, I just wanted to clarify some things.

[Heinz Guderian]

When did we let the Hungarians into the EU?

[yxc qwert!]

oh god, no offense but so much fail in one thread.
But you're not the only one. The EU is simply using this measure against Hungary to put pressure on the government, so they'll change some laws which are disliked by comrade Cohn-Bendit & other funny social-liberal clowns. Seriously, Hungary's not the only one breaking (!! IT HASN'T EVEN HAPPENED AS OF NOW) the 3% rule. Apparently in Brussels the best idea is to take money away from a country which is already in a deep fiscal crisis, good job EU.

I might have missed it in the article, but how big is Hungary's deficit?

I think they made some rather controversial changes to the constitution recently as well didn't they? I can't remember what they were exactly, but i believe there were fears that they were damaging to democracy in that country or some such thing.

The only real problem with the constiution is that no ing body actually bothered READING it. You can read it in English here:http://www.kormany.hu/download/4/c3/...%20HUNGARY.pdf

The starting line: "God bless the Hungarian" is the first verse of the national anthem.

There was a thread about the constitution lately, see my answer & thread here: http://www.twcenter.net/forums/showt...9#post10838059



Feel free to ask, and don't worry, most of European MPs know much less then you do about the subject.

[Thorn777]

Uhm no. If this was Cohn Bendit it would make him awesome:

The commission statement on Wednesday said "this unprecedented step follows the commission's repeated warnings to Hungary, urging it to step up its efforts to end the country's excessive government deficit, and its subsequent failure to take appropriate action", Reuters news agency reported.

"Hungary has been in excessive deficit since it joined the EU in 2004. And the deadline for correcting the excessive deficit has been pushed back twice, by three years in total," said EU Economics Commissioner Olli Rehn.

[magpie]

Well Hungry does have economic problems, Also its government is disliked by a large section of the E.U. PC. brigade.

Mr Olli Rehn does get around, I believe he is now to be based in Athens as a guest in one of the better Hotels to oversee the Greeks.
No doubt there is a lamp post waiting for him sometime in the future?

[Thorn777]

Yes all is evil EU conniving now. Better yet liberal PC EU conniving. Nothing to do with fascist constitution changes, beating people up because of their ethnicity, denominating all foreign debt in inflating Florin currency and then after three years not doing jack about the deficits(well Im sure they took some welfare from Roma away as if it solves the deficit problem). Its the liberal PC bankers I tell you!

[yxc qwert!]

Yes all is evil EU conniving now. Better yet liberal PC EU conniving. Nothing to do with fascist constitution changes, beating people up because of their ethnicity, denominating all foreign debt in inflating Florin currency and then after three years not doing jack about the deficits(well Im sure they took some welfare from Roma away as if it solves the deficit problem). Its the liberal PC bankers I tell you!

Fascist constitution changes? Prove it.

Beating up people because of their ethnicity? You can't honestly think that's state sponsored. Also, give me a source when something like this happened in Hungary and the police didn't investigate and find the perpetrators.

"denominating all foreign debt in inflating Florin currency"? that's . Check your facts before trolling, please. There is now an option for an individual to pay back his debts all at once in HUF on a fix rate. This doesn't apply to the state, which is financing all this consumer-level payback.

taking away welfare from Roma? Most of them are piss poor, what more can you take away from them?


The problem is, you can't back up any of your claims with sources. I can. I'm really not a fan of mr Orbán's policies but the truth is not even near to what you just wrote.

[jamson]

Why does the EU exist, dont play the trade card since China does more trade with the EU than any other nation within the EU itself, the dictate policy to other sovereign nations with no authority to do so as non of them were elected, and now they think they can veto Greece's and Hungary's own laws or austerity which by the way is a direct result of being in this corrupt disgrace of a union anyway.

[removeduser_4536284751384]

Why does the EU exist, dont play the trade card since China does more trade with the EU than any other nation within the EU itself, the dictate policy to other sovereign nations with no authority to do so as non of them were elected, and now they think they can veto Greece's and Hungary's own laws or austerity which by the way is a direct result of being in this corrupt disgrace of a union anyway.

I won't tell you why the EU exists. I'll let the great man from your signature, Winston Churchill, do that for you:



If you don't want to watch it the text is here.
http://www.peshawar.ch/varia/winston.htm

[jamson]

I won't tell you why the EU exists. I'll let the great man from your signature, Winston Churchill, do that for you:



If you don't want to watch it the text is here.
http://www.peshawar.ch/varia/winston.htm

The union was not a political one since it has changed drastically since then, ironic that Churchill says '' as free and happy as Switzeland is now'' well they are not in now and they have the most valuable currency in Europe and the ression barely effected them, Ireland is a failed state so how can you not dislike the Eu and Winston also said later in his life '' we are part of Europe but not of it" just because the Europeans cant stop fighting amongest themselves does not mean we should all be held hostage to a non democratic facist regieme as if the nazi's had won the war.