Arab Today, arab today pm defiant as hungary set to adopt controversial laws
Last Updated : GMT 17:43:15
Arab Today, arab today
Arab Today, arab today

PM defiant as Hungary set to adopt controversial laws

Arab Today, arab today

Arab Today, arab today PM defiant as Hungary set to adopt controversial laws

Budapest - AFP

Prime Minister Viktor Orban remained defiant Friday as lawmakers prepared to adopt a series of controversial laws that threaten to leave Hungary isolated just as it may need another international bailout. \"Nobody can interfere with Hungarian legislative work, there is no one in the world who might tell the elected deputies of the Hungarian people which act to pass and which not to,\" Orban said on Hungarian public radio MR1-Kossuth. The Hungarian parliament, where Orban\'s centre right Fidesz party holds such an overwhelming majority that allows it amend the country\'s constitution, was set to vote a number of internationally-criticised measures. The head of the European Union (EU) executive Jose Manuel Barroso has demanded Orban withdraw legislation that critics said would increase government influence over monetary policy. US State Secretary Hillary Clinton has also repeatedly expressed her concern over the state of democracy in Hungary. Hungary can ill-afford to anger its international partners at a time when it is seeking a 15-20 billion-euro ($20-25 billion) credit line from the EU and the International Monetary Fund (IMF). In a major U-turn, Orban turned to the IMF and EU for help in mid-November after Hungary had difficulties borrowing on the bond markets and its currency fell drastically against the euro. The lenders however walked out on preliminary talks on December 16 over the draft law that would see the central bank disappear as a separate institution and more political appointees added to the committee that decides on monetary policy. \"The talks with the IMF are foreseen to kick off in the beginning of January,\" Orban said, although the EU and the IMF have yet to confirm the resumption of negotiations. Orban added that the talks were \"important but not essential\". However the economic pressure on Hungary\'s government has not let up. Investors demanded returns of over nine percent to lend to the government this week, forcing the government to abandon part of a bond sale, and the forint has fallen 20 percent against the euro. Moody\'s and Standard & Poor\'s have downgraded Hurgary\'s bonds to junk status. Orban\'s government has embarked on a number of measures with have embittered investors and rankled its international partners, including windfall taxes on the banking, energy, telecommunication and retail sectors where foreign companies dominate. It also forced mostly foreign banks which had lent to Hungarians in foreign currencies, which substantially appreciated leaving borrowers with huge repayment bills, to accept repayment at reduced rates. In addition to the central bank reforms that the European Central Bank has also criticised, Hungarian lawmakers are also set to approve a new law on religion that reduces the number of denominations that receive state support to 14 from over 300. Also set to pass was a law on \"communist crimes\" which seeks to make the current leadership of the main socialist opposition party MSZP responsible for the crimes committed by its communist predecessor. Reforms of the media, judiciary and electoral laws, as well as appointment of Fidesz loyalists to key posts and the adoption of a new constitution set to come into force on January 1 have led to criticism both at home and abroad. Guy Verhofstadt, a former Belgian premier and currently the head of the Liberals in the European Parliament, called the new constitution a \"Trojan horse for a more authoritarian political system in Hungary based on the perpetuation of one-party rule.\"  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pm defiant as hungary set to adopt controversial laws Arab Today, arab today pm defiant as hungary set to adopt controversial laws

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday