Hungary faces economics, lies and audiotape

A week of demonstrations in Budapest began with the admission by Hungarian prime minister Ferenc Gyurcsany that he lied about the economy to win re-election in April.

23rd September, 2006

A week of demonstrations in Budapest began with the admission by Hungarian prime minister Ferenc Gyurcsany that he lied about the economy to win re-election in April. The leaked tape of a conversation merely rammed home the desperate state of the country’s finances.

Hungary has been living on borrowed time economically for years.

In April, Gyurcsany’s Socialists in coalition with the Free Democrats became the first Hungarian government to retain power since communism...

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