Dicséri hazánkat a Financial Times

Olvastam az angol verziót. Hol itt a dícséret? Hogy magyarország kijött az erdőből, mert 3 évre elodázta az összeomlást a nyugdíjpénzekkel? Vagy hogy az államkötvények kibocsájtása sikeres volt? A nyugdíj vissza fog zuhanni a fejünkre. Az államkötvények a tőzsdén forognak. Valóban hosszú futamidejűek. DE szabadon adhatóak. Ha úgy dönt valaki, hogy nagy mennyiséget vásárol, majd azt nyomott áron piacra dobja, a tömeg megy utána! Spekuláció. Ennek tették ki az országot. Nagggyon okos!

maraggyatok má gyerekek! minket a Financok Tímeája csak akkor szokott vállon veregetni, ha a mindenkori kormány benyal a pénzpiacnak (a nép rovására).

Kit erdekel, hogy jol teljesit a gazdasagunk, amikor demokratak milliardjai nem hallathatjak a hangukat a diktatorikus mediatorveny miatt, egyenruhas nacik felemlitik meg a becsuletes romakat a videken, az utolso igaz hang, a klubradio az utolsokat rugja es a legnagyobb demokrata ujsagiro, greci zsooti is sajat blogra szamuzetett !

mondjuk elég semmitmondó a cikk. azt gondoltam volna a sz.k./konvergenciaterv miatt dicsérik, de arról nincs is szó benne: "Hungary emerges as surprised star of EM By Stefan Wagstyl Published: May 23 2011 21:00 | Last updated: May 23 2011 21:00 Hungary has been the surprise star of emerging markets this year, leading a string of advances in central and eastern European currencies, equities and bonds that few observers had predicted. The country was among the first in the region to require an international rescue, securing €20bn ($28bn) from the European Union and International Monetary Fund in October 2008, even before neighbouring countries were sucked into the global crisis. Viktor Orban, the conservative prime minister who won power from the ruling Socialists in 2009, resisted what he condemned as excessive international pressure for budget cuts and periodically blamed foreign-owned banks for Hungary’s key problem – an overhang of foreign currency debt, including foreign currency mortgages.For a while, investors were not convinced that the refinancing would work given Budapest’s reluctance to cut deep into its yawning budget deficits. Even when the rescue programme was put into place there were doubts. As late as last summer, Hungary’s reputation in the markets was fragile, when talks between Budapest and the IMF broke down over a review of the country’s financial position. Hungary, which had reluctantly accepted a 3.8 per cent budget deficit for 2010, balked at the Fund’s demands for 2011. Officials from Mr Orban’s Fidesz party shot themselves in the foot by comparing Hungary’s fiscal position with that of Greece. The forint was weak against the dollar and Hungarian bonds and equities struggled to tempt investors. But near the turn of the year, market sentiment shifted. Analysts said while all the bad news was in the market, bits of good news had been ignored. First, a strong German economy was generating orders for central and eastern European export-oriented manufacturers, including in Hungary, driving up the region’s currencies, not least the forint. Next, Hungary, along with others in the region, raised interest rates in response to global inflationary pressures primarily generated by rising prices for food and oil. Compared with the eurozone’s policy rate of 1.25 per cent (up 25 basis points this year), Poland’s is 4 per cent (up 50bp), Hungary’s 6 per cent (up 25bp), and Romania’s 6.25 per cent (no change). In Serbia, where the currency has been up 2.7 per cent since mid-March, the policy rate is a whopping 12.5 per cent (up 1 percentage point), the highest in Europe. There was plenty of scope for expanding the carry trade. Third, investors are less exercised by some of the Orban government’s economic decisions than the IMF – at least in the short term. International banks have complained about special bank taxes, including Ft187bn (£968m) last year. Meanwhile, Hungarians who put money into state-backed private pension schemes are incensed to see these pulled back under direct state control. But short-term bond investors are glad to see extra money coming into the budget. They like the fact that the government (even without the IMF breathing over it) is aiming for a 3 per cent budget deficit this year, even though this is based an a 3 per cent GDP growth target that some economists find ambitious. None of this means Budapest is out of the woods. Moody’s last month downgraded the ratings of seven Hungarian banks, out of concern about the long-standing challenge of foreign-currency debt, which is about 70 per cent of Hungary’s loan stock. Hungary has banned retail foreign exchange lending since the global crisis but Moody’s notes that the risks in the system will remain for several years “given the long-dated maturity of the existing mortgage portfolios of the banks”. The government and the banks are about to announce a package aimed at relieving the pressure on hard-pressed mortgage borrowers. This would involve fixing the exchange rates on these loans for three and a half with the forint priced above current market values. For example for Swiss franc loans, it is likely to be about 180Ft to the Swiss franc, compared with a market rate of about 218Ft. But this will squeeze bank profits and creates uncertainty about what happens when the scheme expires in 2014. Investor concerns about the scheme’s impact helped push the forint down 0.4 per cent against the euro and Hungarian stocks were down 1.7 per cent."