| Author (Person) | Eddy, Kester |
|---|---|
| Series Title | Financial Times |
| Series Details | 08.04.13 |
| Publication Date | 08/04/2013 |
| Content Type | News |
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A deputy governor of Hungary’s central bank resigned on the 8 April 2013, warning that the bank’s new management team had insufficient qualifications and experience for the job. Julia Kiraly, an economist whose six-year term as deputy governor was due to end in July 2013, wrote to Janos Ader, Hungary’s president, saying decisions made since governor Gyorgy Matolcsy – a controversial former economy minister – became governor last month could cause 'serious damage' to both the bank and national economy. The resignation marked a new twist in the battle for control of the central bank which began when Viktor Orbán, the centre-right prime minister, and his Fidesz party, won a two-thirds majority in elections three years earlier. Mr Orbán made no secret of his hopes for the removal of András Simor, the previous governor. That caused concerns about the independence of the central bank in Brussels and at the European Central Bank. |
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| Countries / Regions | Hungary |
