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The news of the day from Hungary is an emergency meeting of the PM, the economic minister, the leader of the talks with the IMF, and the boss of the central bank; with no details released to the public. (Also, Fitch followed th other two ratings agencies in its junk rating.)

The more interesting news of the day is that the crackdown on opponents continues unabated: using the new labour laws, under which union leaders cannot deal with union matters full-time (in fact they can only ue 10% of their time) and employees can be moved at will, the leader of the firefighter union that participated in the protests over the past year was moved to a job in a city far from his home. He didn't accept, and was fired – and obviously the union lost him.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Fri Jan 6th, 2012 at 12:12:43 PM EST
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