Brussels has warned that markets will "punish" the EU unless it restores faith in its financial governance. But the 2011 Hungarian EU presidency risks setting a bad example amid a struggle to rebuild its economy and a recent turn toward nationalism.
"I have encouraged Prime Minister Orban to do everything that is in his power to address the structural problems for Hungary, to continue and to accelerate if possible fiscal consolidation efforts," European Commission President Jose Manuel ...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.