Friday, 7 September 2012

Orbán's "List of Horrors"

Hungary's prime minister Viktor Orbán described yesterday the list of conditions from the IMF/EU attached to a line of credit as a "list of horrors" the an FT blog reports,
The list contains a number of Orbán’s most sacred political themes, including cuts in pensions, family allowances and transport perks, an increase in the age of retirement, the introduction of a property tax, the abolition of the bank and financial transaction taxes, and modifications to the flat-rate, personal income tax regime.
Orbán apparently said "There could be no deal at this price".

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