Democracy in Hungary downgraded to junk
At the turn of the year, the EU shows a sorry image of itself. Greece may be bankrupt economically, but Hungary is certainly the worst failure in democracy since the fall of the Berlin Wall.

With its two-third majority in Parliament, the centre-right Fidesz party of Prime Minister Viktor Orban is passing legislation limiting the independence of the Central bank, a ‘financial stability act’ contrary to EU policies, as well as a new election law designed to cement Fidesz on power for years. It also closed the only critical radio station and prepares to ban new churches such as the evangelical. Romas are sent to work in scheme reminiscent of labour camps. Protestors, including opposition leaders, are being detained. On 1 January an authoritarian new constitution enters into force.
At the same time, Hungary is asking the EU and IMF for ‘precautionary aid’ as “a kind of insurance policy” against possible future financial difficulties. S&P downgraded Hungary to “junk”, largely because of its confrontational ways with the Commission. Barroso prefers to ignore what Hungary is doing, but now he will not be able to play one of the three Chinese monkeys. The centre right European family EPP, the European Peoples’ Party, to which Fidesz is affiliated, has a similar problem. And overall, Europe has a problem, because bad example is contagious. In times of crisis, epidemics can turn to pandemics.


