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Debts & Democracy: Hungary Builds an EU Autocracy
by Thomas Ország-Land (March 2012)
Heavily indebted Hungary is heading for the rocks, endangering the fragile economies of fellow EU member countries. Bankruptcy may still be averted by an emergency injection of billions of Euros. But that could ensure the indefinite rule of a populist, authoritarian Hungarian leader who has already laid the legal infrastructure to turn his nascent, post-Soviet democracy into a repressive state reminiscent of the Communist and Fascist models.
VIKTOR Orbán, the ultra-Conservative, populist Hungarian prime minister, astonished the world financial markets on assuming power in April 2010 by declaring that his post-Communist predecessors had cooked the books and brought the national economy to the edge of collapse. His claim was quickly exposed as an inept negotiating ploy to obtain easy cash from lending institutions eager to contain the mounting debt crisis of the European Union (EU) of which Hungary is a member. more>>>