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Argos Media

BBC NEWS | Europe | 'Obstacle' Hungary PM to resign - 0 views

  • Hungarian Prime Minister Ferenc Gyurcsany says he will stand down, as his government's popularity plummets amid the global financial crisis.
  • Badly hit by the global credit crisis, Hungary received a $25.1bn (£17bn) IMF-led loan last October.
  • "I hear that I am the obstacle to the co-operation required for changes, for a stable governing majority and the responsible behaviour of the opposition," he was quoted as saying on Saturday by Reuters news agency. "I hope it is this way, that it is only me that is the obstacle, because if so, then I am eliminating this obstacle now. "I propose that we form a new government under a new prime minister."
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  • He won re-election in 2006, becoming the first Hungarian premier since the end of communism in 1989 to hold on to power.
  • But week of riots erupted when he revealed on a leaked tape in September 2006 that he had lied about the nation's poor finances to win re-election.
  • His popularity fell to record lows due to tax hikes and spending cuts implemented in the last three years, say analysts.
Argos Media

BBC NEWS | Europe | Protests as Hungary PM sworn in - 0 views

  • Several thousand people have been protesting in the Hungarian capital Budapest, over the appointment of a new prime minister, Gordon Bajnai.
  • Mr Bajnai replaces Ferenc Gyurcsany, who announced his decision to resign in March, saying he considered himself a hindrance to further reforms. Mr Bajnai, a non-aligned figure who had been serving as the economy minister, was sworn in by parliament late on Tuesday.
  • the anti-government demonstrators in Budapest are demanding that parliament be dissolved and an early election called.
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  • Hungary has been badly hit by the global economic crisis, and needed a $25.1bn (£16.9bn) IMF-led rescue package last November to avoid collapse. Analysts say Hungary is heavily dependent on the loan to finance its massive state debt.
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