Matolcsy’s Program Evokes Mixed Feelings.

Politics ♦ Published: April 6, 2013; 14:42 ♦ (Vindobona)

During a press conference on Thursday, April 4, new Govenor of Hungarian National Bank (MNB), György Matolcsy presented some of the “creative financial market instruments”.

Matolcsy’s Program Evokes Mixed Feelings. / Picture: © Wikipedia /

The program should be used to improve economic growth in Hungary. Free credits and other “incentives” are supposed to lure commercial banks out of their unwillingness to grant loans. Furthermore, the foreign exchange reserves will be used for the repayment of debts. The reactions are mixed. Some experts fear that these measures involve a greater risk than the desired benefit.…