Tuesday, 4 January 2011

Hungary Leads, But Whither?

Hungary, like Europe as a whole perhaps, is a place with a great heritage, but a distinctly uncertain future. After the Death of Communism, Hungarians fell in with a lot of dodgy loans in foreign currencies like Swiss francs, of all things. With predictable results. Two years ago they were already “on the verge of bankruptcy”, so their EU leadership now is surely beautifully apposite, given that the whole zone teeters there today.

Oh well, time to shoot the messenger of ill tidings!


Ht: IPwatch

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