Hungary’s opposition Fidesz party blames the weakening of the Hungarian forint to a record low on Tuesday on the Socialists’ governing failure, and calls for early elections, a senior Fidesz politician said.
Floor leader Tibor Navracsics said that it was due to the governing Socialists’ fiasco that the forint fell to 300 to the euro, a psychological limit, and shows the market is not confident in Prime Minister Ferenc Gyurcsany’s politics.
The faction leader criticised Gyurcsany for only holding consultations and speeches, instead of acting, and blaming Fidesz.
Since the beginning of the crisis, some 22,000 people have lost their jobs, and in January the number of bankruptcy procedures reached a record high with 1,400, Navracsics said.
In his opinion the way out of the crisis could start with a new government.
If Fidesz were in power, Navracsics continued, they would investigate the operation of the governments’ background institutions, their budget, and would regroup European Union resources, thus allocating funds to small and medium-size enterprises, to give impetus to economic growth.
The fluctuation of the Hungarian currency is largely due to international financial movements in the global crisis, deputy caucus leader of the Socialist party, Tibor Kovacs said.
Analysts agree that a government’s economic policy steps are only of minor importance, Kovacs added.
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