Randomness (r_ness) wrote,
Randomness
r_ness

What the hell is going on in Hungary?

I've been meaning to ask this question for a few weeks now, but I've been waiting for more information to provide clarity. That clarity not being forthcoming I'm now asking anyhow.

http://fistfulofeuros.net/afoe/from-here-to-eternity-hungarian-style/

http://creditbubblebath.blogspot.com/2012/01/hungarian-hot-pot.html

(the author of the second piece comments in the first:
I don’t see a constructive outcome without Orban willfully sacrificing himself in the national interest by stepping aside. If he wants to stay put he has the ability to so and could always tap the FX reserves for short term funds. I think there is a pretty meaningful chance that this gets bungled messily. Trusting in politicians to do the right thing has been a dangerous belief to hold for some time now…
Crazy.
Tags: money
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