One of the most controversial topics in Europe right now is … Hungary’s national bank? Yes, we live in strange times.
The Magyar Nemzeti Bank has become a focal point in the fight between the center-right government of Hungarian Prime Minister Viktor Orban and the European Union, which says the government has been undermining the central bank’s independence, a sacrosanct principle in EU law. Mr. Orban has repeatedly criticized the bank’s president, András Simor, slashed his salary by 75% as part of a government-wide program of salary cuts and pushed a law that would dilute Mr. Simor’s influence over monetary policy.
Πηγή: The Wall Street Journal