ASSESSMENTS
Hungary's Latest Isolationist Step
Jul 16, 2013 | 15:18 GMT
(JOHN THYS/AFP/Getty Images)
Summary
Hungary has called for the International Monetary Fund to shut down its office in the country, marking new tensions between Budapest and Western institutions. With this latest move, Prime Minister Viktor Orban wants to emphasize that he will not allow outsiders to dictate his policies. Orban also likely intends to fuel nationalist sentiment ahead of Hungary's 2014 elections. These actions risk harming the Hungarian economy, which is dependent on foreign investment and has been weakened by the European economic crisis. Orban probably will try to compensate for the deteriorating ties with the West by strengthening ties with Russia.
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