Matolcsy: Liberals should return to pragmatism

English2020. feb. 5.GOVERNOR MATOLCSY100WORDS

It is the sign of hope when a liberal thinker confirms the fact that “European liberalism has a long history of self-destruction” /Wolfgang Münchau, FT, 23 December 2019/.

After the last global financial crisis austerity policies significantly weakened European middle classes. Their visible and hidden losses resulted in strong shocks for the middle ground of European politics.

There was an alternative crisis management for all European middle classes: a complete overhaul of taxation and an unconventional economic policy based on pragmatism instead of idealism.

The proof for the success of the way out is called Hungary.

 Re “How austerity blighted the middle ground of European politics”

Governor Matolcsy, MNB, the Central Bank of Hungary

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