Word: ferenc
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...analysts see Jobbik's ascendancy as a sign of disenchantment among an electorate weary of politicians and battered by the financial crisis. Hungary has had a rough time lately: the economy contracted by 6.3% in 2009 and unemployment now tops 10%. Also last year, the previous Socialist Prime Minister, Ferenc Gyurcsany, resigned following years of controversy that began when he admitted that his party had lied about the state of the economy before 2006 elections. "[Jobbik] is a protest movement," says Laszlo Csaba, an economics professor at Budapest's Central European University. "And without strong ideological or organization glue...
Recently dubbed by critics the "single obstacle" to overcoming Hungary's economic problems, Prime Minister Ferenc Gyurcsany, 47, resigned from his position on March 21, just three weeks after requesting bailout funds from the European Union...
...That mounting pressure pushed Prime Minister Ferenc Gyurcsany to announce Saturday that he would step down. At first, friends and enemies alike wondered if it was a trick by the wily politician to bolster the besieged government. But on Monday Gyurcsany said his resignation was permanent. "I hear that I am the obstacle to the cooperation required for changes," he reportedly stated at a congress of his Socialist party (MSzP) over the weekend. "If so, then I am eliminating this obstacle...
...government must try to rescue the economy. Former-national bank governor Gyorgy Suranyi and academic Ferenc Glatz have both been mentioned as possible caretaker premiers. Or the country might decide to go to the polls early which would open the way for the rightwing Alliance of Young Democrats (Fidesz) party to gain power. Though Fidesz leaders are publicly calling for an early vote, they may prefer to wait until next year. "Fidesz's rhetoric is that they desperately want elections, but they are afraid of the job," says Political Capital's Szabados. "If they win early elections, they will have...
...avoid that, Hungarian Prime Minister Ferenc Gyurcsány wants $230 billion in aid for Eastern members hardest hit by the crisis, and fast-track membership to the eurozone, the club of nations that uses Europe's common currency. Without help, Gyurcsány says, there is likely to be social and political unrest and a new economic Iron Curtain across Europe...