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muriel_volestrangler Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-15-09 04:21 AM
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Protests as Hungary PM sworn in
Source: BBC

Several thousand people have been protesting in the Hungarian capital Budapest, over the appointment of a new prime minister, Gordon Bajnai.

Police said protesters threw objects and tried to break through fencing surrounding the parliament building.
...
A group of protesters on motorbikes drove into a police cordon and police used tear gas as hundreds of people broke through metal fences.
...
Mr Bajnai has promised to implement tough austerity measures to tackle the country's grave economic problems.

Read more: http://news.bbc.co.uk/1/hi/world/europe/7999289.stm



He is indeed an austerity PM:

Mr. Bajnai will head a government facing an economy in a severe recession, rising unemployment, a deeply depreciated currency, a dissatisfied electorate and a fragile majority in Parliament. The economy is also being kept afloat by a $25.1 billion loan package led by the International Monetary Fund.
...
Mr. Bajnai's austerity program will aim to keep the budget deficit below 3% of gross domestic product and to kick-start economic activity. Hungary's economy has been forecast to shrink by around 5% this year
...
"The most important task of the new finance minister will be to preserve the fiscal balance... and to draw up a new tax system," which will be simpler than the current one and will help boost the economy, Mr. Bajnai said in his speech.
...
Mr. Bajnai accepted the nomination on the condition that lawmakers sign on to his program before voting him in. The new prime minister's program envisages deep cuts in social spending -- including pensions, family allowances, state subsidies on household energy, public transport and mortgages.

http://online.wsj.com/article/SB123975003575718571.html
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