Consumption To Weigh On Retail Sales

Hungary's Prime Minister Viktor Orban put forward Pal Schmitt for the role of president of Hungary. While largely a ceremonial role, the president can slow the passage of legislation in parliament but is expected to act independently from the government. However, by selecting a leading member within the governing Fidesz party, the opposition has claimed that Orban is attempting to weaken the checks and balances on the government. With a super majority within parliament, we nonetheless expect Fidesz to be able to elect Schmitt with little

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