Mar 30, 2009

Like ripping a Band-Aid off...really really slowly

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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