Hungary’s Disney economics will hit Irish investors hard

Two years ago, I travelled to Budapest and had a wonderful time. The euphoria of EU accession was in the air and the plane was full of Irish investors clamouring to get into the property market.

23rd September, 2006

Two years ago, I travelled to Budapest and had a wonderful time. The euphoria of EU accession was in the air and the plane was full of Irish investors clamouring to get into the property market.

But something was not quite right. Behind the European flags, the Beethoven and simultaneous translations, the economic numbers did not stack up.

The following week, on Sunday, May 2, 2004 - the day after EU accession – I wrote...

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