Word: ferenc
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Dates: during 2000-2009
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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...
...Brussels Bailout Denied The European Union dismissed a Hungarian-led request from nine hard-hit East European countries for a $240 billion economic bailout, saying that blanket spending would be ill-advised owing to each nation's unique financial outlook. Hungarian Prime Minister Ferenc Gyurcsany insisted that without funds, a 'new Iron Curtain' would divide Europe...
...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...