Below you will find a facsimile of U.S. Secretary of State Hillary Clinton’s letter to Hungarian Prime Minister Viktor Orbán. I might add that the letter, along with all the others he received, didn’t make the slightest impression on him. This morning in an interview on Magyar Rádió he emphasized that no one can tell legislators elected by the Hungarian people what kinds of laws to enact. Once the laws are passed, the European Commission may object to some of the laws’ provisions. In such cases the Hungarian government will decide whether the objections are warranted or not.
As far as the negotiations with the IMF-EU delegation are concerned, according to Orbán, they will resume in early January. These negotiations are “important but not indispensable.”
I highly recommend taking a look at a fairly lengthy discussion on the Hungarian situation vis-à-vis the European Union and the IMF-EU negotiations on CNBC. In addition there is an article in Bloomberg and another on the CNBC site.
* * *