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Eurozone Crisis in Europe and a Bold U-Turn in Hungary (May–December 2010)

In: Hungary and Other Emerging EU Countries in the Financial Storm

Author

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  • Júlia Király

    (International Business School)

Abstract

Spring of 2010 was overshadowed by the Greek crisis. When the representatives of recently elected Fidesz government announced that Hungary is in a similar situation to Greece the risk spread of Hungary surged and the forint depreciated. The subsequent steps of the Orbán government contributed to the negative evaluation of the country. This chapter scrutinizes the political and economic U-turn of the authoritarian Orban government. “Orbanomics” and its consequences are described in detail.

Suggested Citation

  • Júlia Király, 2020. "Eurozone Crisis in Europe and a Bold U-Turn in Hungary (May–December 2010)," Financial and Monetary Policy Studies, in: Hungary and Other Emerging EU Countries in the Financial Storm, chapter 0, pages 93-104, Springer.
    • Handle: RePEc:spr:fimchp:978-3-030-49544-2_9
    DOI: 10.1007/978-3-030-49544-2_9
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