I must admit I didn’t know Hungary was until recently considered an economic powerhouse of Eastern Europe. My limited time there last week left me with neither the impression that it was an extremely well off country, nor the opposite.? At the same time I did notice plenty of construction projects seemingly left unfinished, and infrastructure (like public transport) that looked like it hadn’t received new investment since the 1980’s.
There was talk among Hungarians and expats that I met about the terrible economy, with many expressing that it hadn’t been that bad in a long time.? But even then it wasn’t obvious to me how bad it really was.
Today I read about the rise and fall of the Hungarian economy, and immediately following that, the plan to pump money into that economy.? Among the reasons for its fall? A government burning through alot of money and taking on alot of debt.? One of the lowest employment rates in Europe.
With the IMF’s 25.1 billion dollar bailout of the Hungarian economy, it isn’t clear – as is so often true with bailouts, if this will turn things around.? The term “tighten their belts” is thrown around alot.? Which begs the question, at a time when so many people are in need of help, where can the government afford to make deep cuts without doing harm to an already wounded citizenry.? Then again, I noticed Hungarians are tough, maybe tightening of the belt is precisely something they would be up for.
One related issue that even fewer reports or public figures are brave enough to bring forward is the
RSF points out that economic prosperity does not equal a freer press, with the United States coming in at 36th tied with nations like South Africa and Bosnia. Or everyone’s favorite economic powerhouse, China, which comes in at 167.. a number one can only hope will be influenced somewhat this coming year as the government is said to be implementing 

In preperation for this event I’ve been stepping up my own research into the global food production system over the past 100 years and the current breakdown it is experiencing.? Although the conference is Europe focused, I’m finding alot of useful and I would argue, applicable examples and analysis from North American news sources.