Orban Bows to Pressure as Hungary Signals Compromisein EU Feud
Romania’s protests reveal mounting frustration overpoverty, injustice in Eastern Europe
The events emanating from Eastern Europe bear watching over
the next few months.
The Hungarian government pushed through a new constitution
at the beginning of the year which compromised the independence of the central
bank, reorganizes the court system, and rewrote rules surrounding data
independence.
At risk is an aid package with the IMF which needs a
blessing from the EU before negotiations can begin.
Hungary has made their EU requirements by taking advantage
of one-time items over the last few years.
The EU would like Hungary to put a stop to this practice and get their
books in order before another aid package is negotiated.
Hungary accepted an IMF bailout in 2008 but shunned new
funds in 2010.
While the Hungarina government appears to be backing down
anti-EU protests are beginning to flare up in Romania and Croatia. This worrisome development could not come at
a worse time as the EU has its hands full with Greece, Spain, Italy, and
Portugal.
Upset over a system they see full of entrenched interests
that do not benefit or give them hope for the future people are taking to the
streets in protests continuing a trend that started in Northern Africa last
year moving to the US with the Occupy movement and now to the poorer European
states.
The question for European leaders as 2012 goes forward is
can they effectively solve the debt problems facing Portugal, Greece, Spain,
and Italy while creating jobs or do they accept the reality that the entrenched
interests they are fighting so hard to protect need to be restructured.
The 2012 Investment Forecast is now available!!!!
Thank you for your patience.
The 2012 Investment Forecast is finally finished and ready
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Disclaimer
Communications are intended solely for informational purposes. Statements made should not be construed as an endorsement, either expressed or implied. This article and the author is not responsible for typographic errors or other inaccuracies in the content. This article may not be reproduced without credit or permission from the author. We believe the information contained herein to be accurate and reliable. However, errors may occasionally occur. Therefore, all information and materials are provided “AS IS” without any warranty of any kind. Past results are not indicative of future results.
PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THERE IS RISK OF LOSS AS WELL AS THE OPPORTUNITY FOR GAIN WHEN INVESTING IN THE STOCK, BOND, AND DERIVATIVE MARKETS. WHEN CONSIDERING ANY TYPE OF INVESTMENT, INCLUDING HEDGE FUNDS, YOU SHOULD CONSIDER VARIOUS RISKS INCLUDING THE FACT THAT SOME PRODUCTS: OFTEN ENGAGE IN LEVERAGING AND OTHER SPECULATIVE INVESTMENT PRACTICES THAT MAY INCREASE THE RISK OF INVESTMENT LOSS, CAN BE ILLIQUID, ARE NOT REQUIRED TO PROVIDE PERIODIC PRICING OR VALUATION INFORMATION TO INVESTORS, MAY INVOLVE COMPLEX TAX STRUCTURES AND DELAYS IN DISTRIBUTING IMPORTANT TAX INFORMATION, ARE NOT SUBJECT TO THE SAME REGULATORY REQUIREMENTS AS MUTUAL FUNDS, OFTEN CHARGE HIGH FEES, AND IN MANY CASES THE UNDERLYING INVESTMENTS ARE NOT TRANSPARENT AND ARE KNOWN ONLY TO THE INVESTMENT MANAGER.
Communications are intended solely for informational purposes. Statements made should not be construed as an endorsement, either expressed or implied. This article and the author is not responsible for typographic errors or other inaccuracies in the content. This article may not be reproduced without credit or permission from the author. We believe the information contained herein to be accurate and reliable. However, errors may occasionally occur. Therefore, all information and materials are provided “AS IS” without any warranty of any kind. Past results are not indicative of future results.
PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THERE IS RISK OF LOSS AS WELL AS THE OPPORTUNITY FOR GAIN WHEN INVESTING IN THE STOCK, BOND, AND DERIVATIVE MARKETS. WHEN CONSIDERING ANY TYPE OF INVESTMENT, INCLUDING HEDGE FUNDS, YOU SHOULD CONSIDER VARIOUS RISKS INCLUDING THE FACT THAT SOME PRODUCTS: OFTEN ENGAGE IN LEVERAGING AND OTHER SPECULATIVE INVESTMENT PRACTICES THAT MAY INCREASE THE RISK OF INVESTMENT LOSS, CAN BE ILLIQUID, ARE NOT REQUIRED TO PROVIDE PERIODIC PRICING OR VALUATION INFORMATION TO INVESTORS, MAY INVOLVE COMPLEX TAX STRUCTURES AND DELAYS IN DISTRIBUTING IMPORTANT TAX INFORMATION, ARE NOT SUBJECT TO THE SAME REGULATORY REQUIREMENTS AS MUTUAL FUNDS, OFTEN CHARGE HIGH FEES, AND IN MANY CASES THE UNDERLYING INVESTMENTS ARE NOT TRANSPARENT AND ARE KNOWN ONLY TO THE INVESTMENT MANAGER.
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individuals risk profile. This is not intended to be investment advice or a
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result from the content of this article.
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