About good news from Iceland, the next act of Greek drama, Spanish ghost city, Presidential poetry and tough love in Europe. We have good news for you. Iceland is not junk anymore. Iceland is a country whose credit rating, unlike in the rest of Europe, started to rise. Why is it important? Iceland has done what European insolvent countries and monetary union still resists doing. After the crisis, which mainstream economists and governors didn‘t see coming,…
As The Budapest Times writes the EU presented Hungary with ultimatum: either the coutry will prove to the EU that it has its budget under control until 22 June or it will lose a big share of development funds for 2013. In order to meet the EU deficit target (below 3% of GDP) further cuts on spending are necessary. They will most probably affect mainly subsidies for transport and medicines. More about financial situation of…
According to The Budapest Times 15th March (national holiday in Hungary commemorating 1848 War of Independence) 2012 will be marked by two demonstrations held in Budapest. One is organized to protest against Viktor Orban’s policy under the title “Let’s wash away the shame”. On the same day supporters of Orban will gather on Kossuth tér for government-sponsored celebrations. On 15th March Budapest will also see a rally of extreme-right Jobbik. More information in The Budapest…
