Hungarian Bubbles
Hungarian Bubbles

Summary/Abstract: In early March, during a visit by Prime Minister Gordon Brown, President Barack Obama made an unguarded remark about “emerging markets like Hungary or the Ukraine”, and how to make sure their problems do not “wash back onto our shores”1 . Well, it is hardly we who present a danger to America. Hungary, on the other hand, faces a real threat after 2010 thanks to the massive indebtedness of large nation states—and this goes for the whole of Central and Eastern Europe, too.

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