MLA
Format: Geitner, Paul. "Hungary Moves Closer to Getting New Aid". 25 April 2012. The
New York Times.com. 27 April 2012.
<http://www.nytimes.com/2012/04/26/business/global/hungary-moves-closer-to-getting-new-aid.html>
Country History: Hungary was under the control of the Soviet Union. Many Hungarians began an uprising against Soviet Union policies in which the Soviet Union invaded Hungary. The U.S.S.R. wanted to stop the protesters in which many Hungarians died or fled to another area. However, Hungary gained independence and switch to a democratic republic and the leader is Viktor Orban. The country is facing financial crsis and trying to become stable after the collaspe of the Soviet Union.
Summary of Articles: Hungary is in need of financial support from the European Union who in court question the country commitment and strenght to democracy. At the meeting Jose Manuel Barrobo, European commission president, and Viktor Orban, Hugarian president, discussed Hungary status on Tuesday. Legal action on the central bank was colsed and the negotiation with the European Union and the internation Montary fund was delayed on Wednesday. In the late 2008, Hungary suffered from finanical crisis and needed money for emergency outside financing. Mr. Orban became president in 2010 and took control of the Fidez party in order to stablize Hungary. Tension rises when Hungary buget is deficit and must pay to open legal actions. Mr. Orban said“Interest rates are growing and growing. So it’s not an easy period for the country." Which makes Hungary the only European country outside the euro that is going through recession and unempolyment. European Union wants to cut the salary fo the government in which conflict begins. There are three concerns that the European Union are deciding on what to do which are Mr. Orban's party replacement, hungary central bank and the independence of Hungary's protection program. Benedek Javor, the head of the opposition LMP group in parliment, accused the government of wasting time, rising taxes, and is unable "to stabilize the nation’s economy and make it trustworthy in front of international organizations.”
