Inflation Rather Than Austerity - Hungary's Economic Strategy
During the last years, Hungaryâ€™s standard of living rose dynamically, but at the same time, government debt increased. The Orban government tries to reduce these debts not by austerity but by eroding purchasing power through induced inflation. By this, Hungary departs further and further from fulfilling the Maastricht criteria.
|Date of creation:||Feb 2011|
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