Word: budapests
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...knew very little about the politics energizing millions of people from Berlin to Budapest to Beijing. Beyond TV images and conversations with family and friends, I had no conception of the grievances that would lead to the demolition of the Berlin Wall, would bring about multiparty elections in Hungary or caused crowds to gather in Tiananmen. But even a child could sense that the times were momentous...
...Maldives, tourists sigh about the luxury resorts and sun-dappled beaches to which they are bound. From above, the country's coral-fringed lagoons in the Indian Ocean look computer-generated: arrayed in turquoise pods, they stretch over an azure expanse that would span from Rome to Budapest. Ibn Battuta, the 14th century Arab explorer, hailed the archipelago as "one of the wonders of the world." Ever since, the Maldives has enchanted shipwrecked sailors, Hollywood celebrities and Russian oligarchs fortunate enough to wash up by its shores. Yet beneath this outsiders' vision of paradise lurks a more troubled reality...
...Anger became open violence last year when Roma homes and citizens were shot at, and firebombed with Molotov cocktails. The first fatalities, a Roma couple living in the eastern village of Nagycsécs, occurred in November. In February in a village 39 miles (63 km) south of Budapest, Csaba Csorba, 27, and his four-year-old son were gunned down after firebombs had been used to flush them from their house...
Anyone visiting Prague, Warsaw, or Budapest in recent weeks would have found beautiful old cities in a rather depressed mood. Despite the arrival of spring, the political and economic news across the region is gloomy at best. Eastern Europe’s emerging economies have been some of the worst hit by the current economic crisis—making unemployment rise, threatening their ability to roll over foreign debt, and toppling governments. As a recent International Monetary Fund paper proposes, the best way forward may be a European answer to an Eastern European problem: early adoption of the euro...
...when it comes to chaotic situations, Hungary has seen the worst: The stark depreciation of the florint in international markets means that over half of the mortgages in the country (denominated in euros, just like everything aimed to tourists in Budapest) have become unpayable. Macroeconomically, the state has faced a similar constraint: Therefore, the World Bank, the EU, and—most notably—the IMF have agreed to provide funding to avoid disaster. On Thursday, it was announced the country would receive over $25 billion of international bailout funds to last through the year. As David Hechlam...