Tuesday, January 8, 2008

This could never happen here, thankfully

Economic woes fan Hungarian riot fires

The admission by Hungary's Prime Minister that he lied to voters may have sparked the country's worst riots in decades, but the violent street protests have deeper-reaching economic and political roots. Despite greater freedoms, many Hungarians feel they have been marginalised and left behind in a fast-changing nation as a small and powerful elite get richer at their expense. At the same time, Hungary's economy has deteriorated to the point where the government has had to draft a package of emergency austerity measures in the hope of putting its finances back in order. Our Prime Ministers and Chancellors don't lie for starters. :)

Posted by lvmreader @ 11:24 PM (360 views)
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2 thoughts on “This could never happen here, thankfully

  • I get the feeling that’s that what Brown and Captain Darling are trying out over here with their proposed 3 year pay deals, telling banks to lower mortgage rates and energy companies to cut prices! They might not be austerity measures per say but they give the impression that the two clowns realise that the UK is going broke!

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  • Do you remember the ending of the film Casino? When Nicky (Joe Pesci) gets payback.

    Imagine his little brother is the British Economy. The thugs with the baseball bats are the rest of the world’s economies.

    The bit when Nicky exhorts the thugs to “Leave him be now, he’s still breathing, he’ll be alright…..” (that is Alistair and Gordon exhorting the markets to leave the British Economy alone).

    See for yourself what happens next:

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