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Orbán: Shaming Hungary ‘foolish’

Orbán: Shaming Hungary ‘foolish’

Budapest, May 18 (MTI) – It is “foolish” to shame Hungary, as it currently has the highest or second highest growth rate in the European Union, Prime Minister Viktor Orbán said at German carmaker Daimler’s general assembly meeting in Budapest on Thursday.

Hungary has the fastest-declining unemployment rate in the EU; it complies with all European financial regulations and its public debt is decreasing, Orbán said.

He said it was time to concede that Europe’s economy could not be strong without successful European national economies.

The 2008-2009 financial crisis was not about economic cycles but a structural crisis, a crisis of competitiveness, therefore the response should be given in the latter dimension, he said.

Orbán said two key components needed to guarantee Europe’s competitiveness — a successful Germany and successful central Europe — were already in place. “A reformed France and an Italy with strong political leadership are still needed,” he added.

He said it would be important for Britain’s divorce talks with the EU to end in a “win-win situation”, adding, however, that the current state of negotiations pointed to a “lose-lose” situation.

Photo: MTI

Source: MTI

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