Orban Blames EU for Austerity Cuts

Politics ♦ Published: October 13, 2012; 17:51 ♦ (Vindobona)

The Hungarian Prime Minister Viktor Orban explains that Hungary has no other choice but to deepen the austerity cuts.

Orban Blames EU for Austerity Cuts / Picture: © Vindobona.org

According to Orban, the Hungarian government would not need even the half of the austerity measures if it was not forced to do so. Orban emphasized that Brussel obliges Hungary to comply with the 3.0% budget target.

Last week, the Hungarian Minister of Economics György Matolcy explained that the Hungarian budget must be cut by $ 1.38bn. This corresponds to 1.3% of GDP. Above…