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Political Risk / Hungary

Lesser Of Two Evils

April 2006 | Political Risk Analysis

The first round of Hungary's parliamentary elections looms on April 9, yet neither party has tackled what almost all international observers perceive to be the main electoral issue: how to control state spending and reduce the European Union's largest budget deficit. Marginal leads for both of the two major parties have been reported in the last six months, with usually less than a 4% majority either way. The ruling Socialists are basing their campaign around investments in industry and infrastructure, together with an emphasis on education, to create jobs and raise productivity and growth levels. Having already cut VAT, raised

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