With the passage of the tax bill, the chances of early elections in Hungary have diminished. Having implemented almost all components of a short-term crisis management program, it is now in a vacuum.

Major conflicts are ahead, and the government's fate hinges on the tax bill vote in Parliament.

The dissolution of the Hungarian Guard could be an efficient tool for the law enforcement bodies to fight against extremism in Hungary.

MSZP suffered a staggering defeat in the mayoral elections of Pécs, and that can be seen as an indicator to the EP elections.

The flight of capital from real estate funds is expected to persist and accelerate. Banks’ eminent interest is to prevent the meltdown of the mortgage market.

The new Bajnai government's program was well received, but it can alter public opinion for the worse before the European parliamentary elections.

The newly formed Bajnai-government in Hungary has released its crisis-management plans to curb the budget deficit and counterweight the effects of the global financial crisis.

Last week the chances for an early election considerably diminished, its not in anyone's interest. Gordon Bajnai will most certainly become the new PM.

On the 4th of March the Hungarian currency began to fall, contrary to the rising currencies of other national currencies region. After a sudden fall the EUR/HUF rate reached the limit of 312.

After Gordon Bajnai has received the support from both the majority of MSZP and SZDSZ factions, it is very likely that he can be the successor of Ferenc Gyurcsány.

Following de facto resignation of the Prime Minister of Hungary there are two likely scenarios: 1) early elections or 2) a new government supported by the socialist MSZP and the liberal SZDSZ.

The process that started in the autumn of 2006 with the Olaszliszka lynching seems to be completing its course. Political discourse on the Roma question has swung from one extreme to the other.