PM Viktor Orbán Tusványos speech: the highlights

Sunday, July 24, 2011

Profound changes have been happening in the world today; the western world is in deep economic crisis, which is shaking western democracies to the core. A year ago, everyone spoke about the end of the western world's financial and economic troubles. But instead, Greece has collapsed, and more countries that are situated at the periphery of EU slowly but surely falling behind. The world is at the threshold of a new era; countries that previously thought to be strong joined to the weak ones and vice versa. One of the things that triggered the collapse of the current world order is indebtedness that grew so big that can't be ever repaid.

The collapse of the old world is inevitable because there is no recipe for the massive debt repayments. The only recipe we know is the devaluation of national currencies and inflation said the prime minister.

Many people believed that economic growth and consumption can be increased indefinitely. As a result, market competition has changed into consumption contest. However, the underlying assets and resources that fueled consumption haven't increased proportionately. It follows that the Western world's growth path has become unsustainable, the future of younger generations are forfeited by depreciating value-added work said the prime minister.

In the emerging new era, the state will have a whole new role to play in economic matters. Only by using state assets, debt can be repaid and only the state can put people back to work. The economy won't change automatically, but only government can change the mode of production by changing the welfare state into a work-based economy. However, the state can be successful only if there is a strong community behind it. The real power of the state comes from the community said Orbán.

According to the prime minister, Hungarians realized that the current system is broke and has become unsustainable. Hungary, ahead of all other European countries gave the right answers to the challenges of our time. Voters in the last year election felt that the government needed a super majority, in order to make the country catch up, as Hungarians do not want to become victims of the process, but active participants of the changes; they want to fight debt, unemployment and undeserved wealth. In the spirit of these expectations, the Fidesz government has already implemented major changes in the country: the dual citizenship, the new constitution, a completely new tax system, the bank tax, the crisis tax, the nationalization of the pension funds, debt reduction and measures to stop demographic decline.

In the mean time, the prime minister reminded people that the worst is not over yet. Among others, he remarked that the government is still unable to provide as much resources as needed to Hungarians living in the neighboring countries. In this context, he recounted the camp's motto, which states that “which belongs together grows together." He remarked that one of the most important goals of the emerging new era will be the unification of Hungarians.

Referring to the future, the prime minister drew attention to the whole of Central Europe, which will be more unified as the region becomes the focal point of the evolving a new economic era. Orbán stressed that without a strong mother land, the Hungarian nation can't be strong in the Carpathian Basin. Repaying the national debt will strengthen Hungary's position in the world in conjunction with the planned European production center and the re-industrialization of the country that will follow. One of the good news is that a year ago, Hungary drifted between the reefs but today we are navigating past the reefs said the prime minister.

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