Hungary’s Economic Crisis

Last year, Promising economic indicators is a headline in the front page of a Hungarian newspaper. The economists, government representatives and some(prenominal) politicians said that Hungarys economy is growing. developing half times as it should be. In reality and if economics substructure tho speak, Hungary was in mountainous trouble and in the verge of economic collapse last year. The economic crisis of Hungary led the resignation of peak Minister Ferenc Gyurcsany. Now, Hungarys population is looking for the proper replacement for their bloom Minister.And they hope that whoever would be their Prime Minister pull up stakes help them regain their economic stability. As economic crisis still exists in the country, many believed that the major factor that would determine the economic stability is its policies regarding their pensioners. Hungarys total population of pensioners totaled for virtually 3 million which is about one-third of the whole population. Aside from support ing these pensioners, the government also pays for exceptional benefits to accident victims, military and police veterans.The problem boils down to the public spending and finances. Pension is a unplumbed obligation that Hungarys government is shouldering because of their policy regarding pensioners. Reforming the policy is not an option for the Socialist party of Gyurcsany because they cling to the Socialist voting percentage which is mainly composed of retirees. Solutions should be done and we should try anything possible that will be in great help for the recovery of the nation. Possible solution is to cut the pension received by the retirees into much lesser amount.This would definitely be a great help in the recovery. matchless another option is to limit the pensions to those in proper age of retirees and not to those who were only taken their chance of having their pension because of undersized accidents. In the end, all should be working for the progress and recovery of this nation, not only the officials but also the people that are the ones greatly affected by the economic crisis. Any solutions can be beneficial and should be tried.