From what I've gathered, isn't this just the typical fiscal-liberal taxing-conservative problem? The government cut taxes without cutting expenditure, running up a huge deficit. Now they've come out and said it just can't go on any longer (ie. Brussels has forced them) and so they've raised taxes and cut benefits, causing mass outcry both at the policy changes and being lied to and told it's all ok for the last couple of years.
Just seems a case of bad governance, in an economy that can't cope with it for too long. Deficit spending in the states can go on for ages, just because of the size of the economy, but somewhere like Hungary it really can't.
Balanced(ish) budgets
Just seems a case of bad governance, in an economy that can't cope with it for too long. Deficit spending in the states can go on for ages, just because of the size of the economy, but somewhere like Hungary it really can't.
Balanced(ish) budgets
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