Hungary: Personnel Purge at MNB

People ♦ Published: March 20, 2013; 19:17 ♦ (Vindobona)

New govenor of the Hungarian Central Bank (MNB) György Matolcsy continues his purge.

Hungary: Personnel Purge at MNB / Picture: © Wikipedia /

After disempowering two deputies of MNB in just one week after starting his new job, a new executive department with far-reaching consequences was introduced. Furthermore several heads of departments where exchanged. Now the purge in middle mangement continues.

As stated by the magazine Origo, Matolcsy would gag and muzzle all of the employees and forbid them to make any comments…