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Running Head : ECONOMIC CRISIS

Hungary 's Economic Crisis

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Hungary 's Economic Crisis

Last year , Promising economic indicators ' is a headline in the front page of a Hungarian news . The economists , government representatives and many politicians said that Hungary 's economy is growing . Growing half times as it should be . In reality and if economics can only speak , Hungary was in big trouble and in the verge of economic collapse last year

The economic crisis of Hungary led the resignation of Prime Minister Ferenc Gyurcsany

. Now , Hungary 's population is looking for the proper replacement for their Prime Minister . And they hope that whoever would be their Prime Minister will help them regain their economic stability

As economic crisis still exists in the country , many believed that the major factor that would determine the economic stability is its policies regarding their pensioners . Hungary 's population . Aside from supporting these pensioners , the government also pays for special benefits to accident victims , military and police veterans . The problem boils down to the public spending and finances Pension is a heavy obligation that Hungary 's government is shouldering because of their policy regarding pensioners . Reforming the policy is not an option for the Socialist party of Gyurcsany because they protect the Socialist voting percentage which is mainly composed of retirees

Solutions should be done and we should try anything possible that will be in great...