PM Pushes Forward On Reforms

Prime Minister Ferenc Gyurcsany appears to be pushing forward on his fiscal reform agenda, cutting public spending, renewing the privatisation programme and offering modest tax cuts. That said, we remain cautious over the medium term on his ability to aggressively address the fiscal imbalances that have built into the system. His public support remains perilously low, with his party at just above 20% support according to latest opinion surveys, well below the 67% the main opposition Fidesz is on. Indeed, with elections due in 2010, we are deeply concerned that the government will ramp up populist spending to boost its

To read the full article, please choose one of the following options: