Given its position at the head of the pack of countries in the region, Hungary was expected to be the first to make the successful transition to capitalism. But today, Hungary has fallen behind many of the other countries in the region in terms of growth, employment, debt, and other economic indicators.
This surprising 10-year multilateral pact was described by Zhou Xiaochuan, the governor of China's central bank, as a supplement to his country's traditional lending to Africa, which has consisted mainly of bilateral grants and loans and infrastructure projects financed by Chinese state-owned banks.
If everyone understands the need to fight against tax fraud, everyone can agree that law abiding taxpayers should not pay the price. That is why it is essential that our government remind financial institutions of their duty and not sacrifice their social role attached to banking in France and remind them of their obligations.