Hungary and the crisis of the euro-zone: A comedy of errors?

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Abstract (may include machine translation)

The spillover of the global financial crisis has uncovered the weaknesses in the governance of the EMU. Being one of the most open economies in Europe Hungary has suffered from the ups and downs of the global and European crisis and its mismanagement. Domestic policy blunders complicated the situation. The relative deterioration of the position of other countries has paradixically improved the relative position of Hungary by 2012. Still, a cooling to new EU initiatives on banking an fiscal union is likely.
Original languageEnglish
Pages (from-to)33-44
Number of pages12
JournalROCZNIK INSTYTUTU EUROPY SRODKOWO-WSCHODNIEJ / YEARBOOK OF THE INSTITUTE OF EAST-CENTRAL EUROPE
Volume10
Issue number5
StatePublished - 2012

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