pm defiant as hungary set to adopt controversial laws
Last Updated : GMT 00:27:23
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.\"  

arabstoday
arabstoday

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*

pm defiant as hungary set to adopt controversial laws pm defiant as hungary set to adopt controversial laws

 



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*

pm defiant as hungary set to adopt controversial laws pm defiant as hungary set to adopt controversial laws

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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