Hungarian Minister of Economic Development, Márton Nagy, scrutinises Germany’s economic standing in a recent Magyar Nemzet article, instead of addressing Hungary’s economic situation.
Did the Germans mess up?
Nagy delves into the intricacies of the three-party political coalition steering Germany, highlighting the diverse political views within. He states that these conflicting positions, represented by the coalition’s constituent parties, are pulling the German economy in disparate directions, resulting in the implementation of a “shadow budget.” Nagy details this unconventional economic approach and explores potential consequences, including a potential trend of German migration to Hungary.
Telex provides a more in-depth analysis of the situation, explaining how the coalition shifted a significant portion of state assets into special funds to maintain the appearance of budgetary balance. These off-budget funds now surpass the annual budget itself, effectively creating a second budget. Nagy labels this a “technocratic takeover” by the German coalition, asserting that the Constitutional Court’s ruling on 15 November deemed the way the coalition managed the taxpayers’ and creditors’ money unconstitutional.
Diverging paths
The Minister writes that diverging paths further complicate the economic landscape. Nagy outlines the reasons behind Germany’s economic struggles, attributing them to the conflicting goals of the coalition. Pursuing the green-energy transition, inclusive growth and fiscal discipline simultaneously proves challenging, with only two out of the three achievable at any given time. The Minister criticises misguided policy measures, such as the gradual phase-out of nuclear energy and the push for complete energy independence, asserting that these policies have exacerbated the situation, pushing the German budget policy to the brink of collapse. Since the Minister doesn’t touch on that in his writing, you can read more about Hungary’s financial state in this article.
Meanwhile in Hungary..
In contrast to Germany, Nagy anticipates widespread political repercussions. He predicts a political crisis in Germany and foresees a short-lived career for Chancellor Olaf Scholz. Nagy asserts, “Hungary can expect an influx of Western political and economic refugees due to our anticipated economic growth in Europe by 2024, fostered in a stable, predictable and secure environment, while Germany unfortunately faces stagnation.”
Concluding his article, Nagy emphasises Hungary’s approach as rational and pragmatic rather than ideological, advocating for the transformation of the traditional energy industry into a new, sustainable one. He contends that those capable of producing and storing green energy will secure a prosperous future. Whether Nagy’s predictions hold true remains to be seen, but the pursuit of a green future is undoubtedly a crucial endeavour. Check out this article to learn more about Hungary’s progress in this area.
If Hungary is for Hungarians, Germans should stay in their own country. German relationships have caused enough problems for Hungary already. History proved that relationships with Austrians and Germans did not benefit Hungary.
Furthermore, foreigners like the Dutch and Germans continuously complain about the Orban Government. Order members of Hungarian service industry around if they were royalty. Not desirable visitors.
The people of Germany keep voting for a socialist government. The people should live under a regime they support.
The number of Chinese and Korean visitors keep rising. These visitors’ manners make them welcome.
All mass immigration is a threat to Hungarian ethnic and cultural survival. It doesn’t matter where the immigrants come from.
By your logic, mariavontheresa, the Chinese should live under the regime they support. The CCP is a regime I wish would never plague Hungary. I guess I differ with your outlook of these things.
Yes, cheap German seniors from DDR might pick Orbánistan because it looks cheap. And because raised in a dictatorship they will feel at home in Orbánistan. After all most seniors feel comfortable if their place of retirement recalls the place of their childhood.
In fact, Orbánistan may be cheaper than present DDR but only if you choose to live in some remote rural area where even Hungarians do not want to live ( and surely for some reason )
I can not think of any educated German wishing to live in Orbán’s little feud.
That’s undoubtedly true but, as Maria says in her comment, the problems they’ll be running away from are of their own making. They kept voting for the parties that made their country poor, unsafe, unstable… – but they still have the nerve to dump on Orban. It’s like Californians fleeing their third-world s…hole for Texas and Florida, and then voting Democrat once there. You can’t fix stupid. Stay where you are, Deutschies, and fix the problems you created!
@mariavontheresa – isn’t it nice that the Germans, French, etc. keep on sending money and have been for a while? Build plants, predominantly run by their nationals? I don’t think the Chinese and Koreans are in a position to sustain us, economically.
And I do not know if you’ve been to any factories of Korean / Chinese firms – run by “foreigners” and even much of the staff is not Hungarian. Signs in many languages – ours last. However, there is thankfully a special, small counter serving Hungarian food in their cafeterias. Fab Korean and Chinese food, though!
Why come to Hungary and accept all the wonderful things the country and people offer and then complain about the government? The people of Hungary have every right to elect of conservative government. If Germans/Dutch and Austrians do not like it, they should stay at home. The visitors from China and Korea appreciate Hungary’s history, love the food and enjoy themselves. These Asian visitors also seem to have better manners.
Mario and Norbert, you may feel that employees of service industry should be treated poorly by seemingly rich visitors, visitors that cannot afford to holiday in their native country? German and Dutch visitors just have bad manners, there is no other explanation for their treatment of people in the service industry.
There are also environmental damages that are caused by these visitors; many visitors have yet to realize that garbage bins are not there for decoration.
As far as the sale of Hungarian lands go, lands should not be sold to foreigners. All Hungarian lands and towns, whether occupied or not, should be kept for future generation of Hungarians.
You must also admit that Hungary always ended up on the losing side whenever Hungary supported Germany. People should learn from history so that it is not repeated. Hungary really has no true allies in the EU. Presently, only the Serbian president/prime minister has not stabbed Hungary in the back.
Foreigners invest in Hungary because of the educated workforce. 23.9% of people are employed in “brain business” contrary to less than 10% of German’s and Dutch workforce.
If the western tourist would stay home, the workforce from the service industry could be employed in other areas in Hungary thereby eliminating the need for temporary foreign workers.
Mao Tse Tung promised a bowl of rice for everyone in China. Most Chinese people support the Chinese government. Yes, some people are unhappy with the Chinese government but that is a minority. When China is ready for a different type of government the people will enact the change. Presently, the standard of living of the Chinese people is better than it was years ago.