Monday, Mar 23, 2009
Crash Gordon will go this Way
Bloomberg: Hungary Seeks New Premier to Fight Economic Crisis
Hungary’s ruling Socialists began hunting for a new premier to tackle the economic and financial crisis after Ferenc Gyurcsany said he will quit with the nation mired in its worst recession in at least 16 years.
His successor, who will need opposition support, would be elected on April 14 by parliament, Gyurcsany, who heads a minority administration, said yesterday. Talks with rival parties are under way. The new Cabinet will have a year to repair Hungary’s finances before the next scheduled elections.
“The new premier will face an unfathomably huge challenge,” said Zoltan Lakner, a political analyst at Budapest-based Vision Consulting. “The person, probably an economist, needs to have crisis management experience and possibly a fully fledged crisis management plan.”
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