Thursday 19 January 2012

Hungary

Hungary has a chequered history. As  part of the Austro-Hungarian Empire it entered the Great War on the side of Germany.  Hungary entered the Second World War by sending troops to fight alongside Germany against Russia.   Following the war Hungary became a puppet state controlled by the USSR.  With the collapse of the USSR's client governments in eastern Europe Hungary gained independence and eventually membership of the European Union.  One saving grace, the country is not in the eurozone.

http://www.bbc.co.uk/news/world-europe-16593827
EC opens legal action against Hungary.

http://www.bbc.co.uk/news/world-europe-16613934
Hungary's PM on the attack at the European Parliament.

http://www.spiegel.de/international/europe/0,1518,809799,00.html
Hungarian Leader 'Infected with Bonaparte Virus'.

http://www.spiegel.de/international/europe/0,1518,809827,00.html
Eastern Europe swings Right.

http://www.spiegel.de/international/europe/0,1518,809669,00.html
Hungary accused of breaching EU treaties.

http://www.spiegel.de/international/europe/0,1518,809434,00.html
Nosedive in Budapest.

Other news:

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100014296/the-euro-is-pushing-italy-into-depression/

http://www.telegraph.co.uk/finance/financialcrisis/9022588/IMF-push-for-1-trillon-rescue-fund-to-cost-UK-15bn.html

http://www.telegraph.co.uk/finance/financialcrisis/9023791/Doubt-over-IMFs-eurozone-lifeline.html

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