Yeah, that bad. Kudos to yet another Central European politican being honest.
Financial Times: Gordon Bajnai, the Hungarian economics minister who is set to become prime minister next week, promised a period of ”painful” crisis management at a press conference on Monday, as the country’s finance minister suggested the new leader may get less than a year to do his job. Says Bajnai:
It will be painful. Crisis management will demand sacrifices from every Hungarian family.
He is expected to announce spending cuts, which could include dramatic cutbacks to Hungary’s generous social safety net.
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