The Hungarian government and central bank governor György Matolcsy have failed to improve the competitiveness of Hungarian companies and have kept the forint weak, causing high inflation, the opposition Párbeszéd said on Friday.
Bence Tordai, the party’s deputy group leader, told an online press conference that Fidesz had funnelled development funding into
“the pockets of friends and the party’s clientele”.
Hungarian companies are now only able to compete with foreign counterparts by virtue of the weak forint, which in turn leads to high inflation, he said. At the same time, family and pensioner benefits have remained the same for the past 11 years, he said.
Meanwhile, climate change further raises the price of basic foodstuffs, he said.
After the “government change” in next April’s election, “those losing out on high inflation will be compensated,” Tordai said.
Source: MTI
2 Comments
The reason for the weak forint is currency speculators such as George Soro’s. Furthermore the socialist giveaways you can expect from the sausage coalition will only further devalue the forint.
Nice try DNH but ever Ray Charles and Stevie Wonder can see the story for what it is. total BS.
The high inflation is because they doubled the wages and give subsidies to families for renovations and other things….they throw money into the market and you get inflation.
The weak forint is actually good for exporters.
In any case Orban will not get my vote this time.