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How wretched is Hungary economy? Is forint holding up?

A combination of amateurism and pandering to a small oligarchy has created a homegrown economic, political, and social crisis in Hungary, Gordon Bajnai, a former prime minister who leads the Together 2014 party, said on Sunday.

EU statistics show a poverty rate of 13% in Hungary, but the figure falls far short of revealing the depths of desperation plaguing some communities.

In a 2012 report Hungary's National Health Institute revealed that over 14% of Hungarian children suffer from malnutrition.

The situation is most alarming in the northeast, where for many families, going hungry is the norm.

Nationally, unemployment runs at around 11%, but in the northeast it is over 30%, and reaches 80 or even 100% in the most remote villages, such as Gemzse.

by das monde on Mon Mar 25th, 2013 at 01:00:38 PM EST

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