The Banks of the Mafia State
The Banks of the Mafia State

Author(s): Éva Várhegyi
Subject(s): Economic history, Political history, Government/Political systems, Present Times (2010 - today), Post-Communist Transformation, Financial Markets
Published by: Central European University Press
Keywords: Hungarian Development Bank;Postabank;Fidesz;Orban regime;corruption;bank sector;
Summary/Abstract: In its first administration, the Orbán government had already recognized the potential opportunities in the banking sector. Out of the possible ways that the government could have managed the near-bankruptcy of Postabank,one was chosen that promised to provide a financial payout as well as a political one: it dismissed the bank’s managers in the summer of 1998 and made a move for its revenue.

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