Governor of the Central Bank criticised the Hungarian economy, Minister Varga hit back
The governor of Hungary’s central bank is correct in identifying a problem with the economy, Mihály Varga, the finance minister, said on Monday, reacting to a briefing that György Matolcsy gave to a parliamentary committee. But the problem of high energy prices is not singular to Hungary, he added.
High energy prices are tipping all European economies towards recession, Varga said on Facebook.
At the hearing of parliament’s economic committee on Monday, the governor blamed the government’s economic policy for the country’s vulnerable situation.
Lawmakers on Monday related some of the contents of Matolcsy’s briefing.
Opposition Democratic Coalition MP László Varju cited Matolcsy as saying that after 2021 Hungary would be among the five most vulnerable countries in the world. Further, inflation would be between 14 and 18 percent in 2023, he said, adding that there was no longer coherence between the government’s economic policy and the central bank. According to the central bank governor, “Hungary is in a near-crisis situation”, with the country ranking 4th worst in the EU in terms of productivity.”
In his response, Varga said all countries had been forced into crisis management, not only Hungary. Yet the country’s economic growth rate is robust at 4.1 percent in the third quarter, the seventh highest rate in the EU, while its employment rate is similarly healthy and the jobless rate is still below 4 percent, the minister said, adding that it would be possible to build on the results of the past years.
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The Govenor of Hungary’s Central BANK – has spoken.
He has said:
“The governor blamed the government’s economic policy for the country’s vulnerable position.”
The Governor AGAIN went onto say:
“Hungary is in near-crisis situation.”
This article THROWS brighter Glowing Gleaming LIGHTS – on the DEEPENING of RIGHTFUL criticism being directed at this Orban led Government of Hungary.
Victor Orban – no escaping FACTUALLY, it’s on his shoulders – the SHAMBLES – as a country Economically & Financially we are IN.
Citizens of Hungary are we – reading and listening, – viewing on their televisions – mobile phones “other” sources available to-day under information technology inclusive of MEDIA – without Government intervention control nor manipulation?
Be MINDFUL of the PROPAGANDA.
TROUBLED times deepening we descend Hungary – into when we have a Government being correctly identified through a massively FLAWED economic policy – that has sent or near to sending Hungary – into a near position of Economic & Financial collapse – that could be ruination.
Varga should not comment on things that do not concern her. Her own department, the department of “justice” is one of the reasons that the money is not coming from the EU. People that live in glass houses should not throw rocks . . . . .