Banking & Investment

Sweeps right and extreme right in Hungary legislation goes to Parliament

After eight years of socialist power, marked by economic crisis and corruption, the right of former Prime Minister Viktor Orban managed 263 of the 386 seats in Parliament, or five more than the two thirds majority is 258, according to figures published Sunday by the National Electoral Office (OVI) once counted 95% of the vote in the runoff.

In the first round on 11 April, and got Fidesz absolute majority of votes, with 52.73%.

The historic result on Sunday, never reached in Hungary in democratic elections, the country become the only former communist Europe be governed by a single party capable of carrying out constitutional reforms alone announced.

During the campaign, Orban said he wanted to amend the laws on the press to “streamline” this sector, a project strongly criticized by other parties which she considered “a threat to press freedom.” He also wants to reduce the number of councilors who bleeds public budgets and restrict stringently the deputies.

Furthermore, the future government could amend the law on dual citizenship so they can benefit from it”s more than three million Hungarians from neighboring countries, although in Ukraine, for example, you can not have it.

These laws are also marked by the historic entrance to the Parliament of the extreme Jobbik party”s right, after a campaign focused on anti-Semitism, to stigmatize the Roma and in opposition to the European Union.

The Jobbik, with 47 deputies, emerges as the third political force, just behind the socialist MSZP, which scratched just 59 seats. In the first round, collapsed with the MSZP 19.30% of the voteddd(against 43.21% in 2006).

A fourth party, the PML of the environmentalist left, Founded in 2009, will be represented with 16 seats.

The participation rate in the second round was much lower (44.17%) in the first round (64.29%). Many voters felt, analysts said that the game was decided in advance with the absolute majority was right two weeks ago.

But in terms of economic and social reforms, the margin maneuvering of the new right-wing government will be limited by the conditions imposed by the International Monetary Fund (IMF) and the EU in exchange for a ransom of 20,000 million euros to the country to avoid bankruptcy in 2008.

Viktor Orban will cost to fulfill the promises of tax cuts and to create a million jobs.