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Hungary, Once a Star, Loses Its Shine
Keywords:
The effects of the eurozone crisis on the everyday lives of ordinary Hungarians in Budapest. The impact is particularly severe on retirees and other people with home loans that were taken out in swiss francs or euros because of the depreciation of the Hungarian currency, the forint. There is a loss of confidence in politicians, and the government of prime minister Orban is seen as having worsened the crisis by losing international credibility and confidence . Hungary's debt is denominated mostly in euros which make repayment difficult. Yields on its bonds are over 10%.
Faces in Hungary during the eurozone crisis in 2011-2013
06/04/2010
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Linked Articles
An interview with Viktor Orban, prime minister of Hungary - The Washington Post
Washington Post 04/07/2012
Hungary, Once a Star, Loses Its Shine
New York Times 01/16/2012
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