Dossier: Hungary

Dear reader,

it came to the authors attention that currently news agencies seem to have a competition ongoing of who is first on single news headlines and what to conclusions to draw out of a few headlines. Hectic seems to be the result of latest Zeitgeist thing which make or break countries not by their fundamentals or longer term prospects and also its recent history or the path chosen by its current leaders. Well if one call a few month before current date "history" at all. The author was also quite shocked to see some articles this week which took one single chart of industrial production in two countries to back up claims for a full scale ECB action in unleashing its "big bazooka" onto the eurozone members by unlimited bailout of debt stricken countries and therefore also lowering their cost of borrowing > calming markets. Almost as in the the good old days where apples and oranges were getting mixed. And it's not only a habit of our American friends.

As a member of the "old school" (survivor of the cold war) of gathering as much data as possible BEFORE drawing any conclusions and also not to get sucked into the quagmires of whatever propaganda but keep it strictly to facts it seems to be a good idea to start a series of dossiers on countries , their economies, leaders and politics in order to get to know the fundamentals and perhaps then be able to put to propaganda/gossip into a perspective.  So what you will find here will be much more comprehensive than some cheering remarks of the HUF taking a dive against the EUR or default is looming for Hungary. So we start here with some articles about Mr Orban and his much hated government from the perspective of many other European politicians. Lately also accompanied by some bank of some countries (not all EU members) which had realistic fears of someone who "threatened" to pay back their loans immediately.

to be continued

references:
http://en.wikipedia.org/wiki/Hungary
http://en.wikipedia.org/wiki/Hungarian_forint
http://en.wikipedia.org/wiki/Viktor_Orb%C3%A1n
PM says Hungary’s dependence on euro zone disadvantage, wants new banking rules
Despite threats ‘I won’t let myself be intimidated’
Hungarian Leader Takes On Foreign Critics
Ungarn-Regierung-droht-Massnahmen-gegen-Banken-an
Orban greift Österreich-Banken an
2011, Nov 16th  BayernLB verzweifelt an Ungarn: "Tut uns enorm weh"
2011, Nov 11th  Hungary's economy: Hat in hand again
2011, Nov 22nd Hungary’s Banks Expect a Difficult Year Ahead 
2011, Nov 23rd Ungarn wittert Kartellabsprachen bei Töchtern der Austro-Banken
2011, Nov 24th ECB And Banks Furious At Hungarian Solution To Swiss Franc Mortgage Problem
2011, Nov 25th Ungarn auf Ramschniveau
2011, Nov 26th The euro trigger (text & video) Al Jazeera
2011, Nov 26th Ungarn will mit EU, IWF und Banken kooperieren
2011, Dec 1st   Hungary Omits Top Economic Policy Maker From IMF Delegation
2011, Dec 1st   Ungarn bekommt nur zu hohen Zinsen frisches Geld
2011, Dec 2nd  Hungary and the IMF: not so fast
2011, Dec 7th   Morning Briefing: Polish Rate Decision, Hungary 2012 Growth Plans 
2011, Dec 8th   Insight: Credit noose tightens slowly in central Europe
2011, Dec 10th Hungary aiming for 10-15 billion euro IMF/EU deal: analysts
2011, Dec 16th IWF zeigt Ungarn die rote Karte
2011, Dec 20th Hungary Hikes Base Rate To 7.00% From 6.50%, As Expected [Dow Jones] (via @djfxtrader)
2011, Dec 20th Paul Krugman: More Hungary

2011, Dec 21st Hungary’s Orban and his central banker
2011, Dec 21st Hungary Downgraded to BB+ by S&P
2011, Dec 29th Hungary Financing May Be Precarious as Hopes Dim for IMF Support
2011, Dec 31st EU-Kommission prüft Ungarns Notenbank-Gesetze 
2012, Jan  3rd  EU checking whether to challenge Hungary bank law
2012, Jan  5th   AUSTRIA: The Real Reason Anyone Gives Two Cents About Hungary
2012, Jan  7th   Hungary: "We are open to discussions" (ger)
2012, Jan  8th   From Here To Eternity, Hungarian Style
2012, Jan  9th   Viktor Orbán gives his side of story
2012, Jan  9th   Hungary Bonds Gain as Orban’s IMF Pledge Props Up Debt Auction
2012, Jan  9th   Erste Bank and Raiffeisen bank int.: 19bn Hungary loans (ger)
2012, Jan  9th   Slovaks Storm Hungarian Shops as Forint Hits Record Lows
2012, Jan 10th  Hungary sells HUF56bln of 3-month bills at yield of 7.98% with good demand: bid-to-cover 2.74, yields rising from Jan 3rd auction: 7.67%. (via @lindayueh)
2012, Jan 11th  EU to Recommend Hungary Sanctions
2012, Jan 12th  Hungary Accuses U.S. of Meddling in Domestic Politics 
2012, Jan 14th  Hungary far right demands exit from EU, burns flag at rally 
2012, Jan 18th  Forint Advances Second Day as Bonds Rise on Hungary Aid Prospect Optimism 
2012, Jan 18th  Poland’s Kaczynski to Hungarian Leader’s Rescue 
2012, Mar 4th   Victor Orban Interview: "There is a hidden Europe" (FAZ) (ger)
2012, Mar 16th EU: Those Who Compare EU To Soviet Union Don't Understand Democracy 
2012, Mar 16th The EU Soviet? Barroso takes on Hungary’s Orban