Taking on the IMF

For example, the Bank of the South in Latin America which is intended as an alternative to borrowing from the IMF and the World Bank. See Bank of the South, Wikipedia.

Orbán: október után nem lesz dolgunk az IMF-fel, MR1-Kossuth Rádió, July 23, 2010.

While all EU members are expected to take part in the Growth and Stability Pact some, like the UK which had decided not to use the Euro, are not bound by the penalties. In fact, critics point out that the problem is that the European Commission never used its power to penalize a country for breaking the rules, preferring to informally rebuke them instead. Thus, by failing to impose penalties the Commission has shown that there are no effective rules on budget deficits or public debt in the euro-zone. Moreover, while some criticized the old version of the Growth and Stability Pact (which was reformed in 2005) as too rigid, the new version has so many exemptions that it is in fact difficult to breach it.

IMF: nem a bankadóval, a mértékkel van baj, MR1-Kossuth Rádió, July 22, 2010.

Olga Kálmán, Orbán nem szeretne prezidenciális államformát, Egyenes Beszéd (ATV), July 23, 2010.