Hungary and Spain

[Rusty Shackleford]

Hungary’s domestic politics roiled global markets last week as officials in Orban’s week-old government compared the country to Greece while claiming the previous administration lied about public finances. The comments were flashed around the world by the news media, feeding concerns Europe’s sovereign debt crisis was spreading, triggering a 4.8 percent two-day drop in the forint and pushing the euro to its lowest level in four years.
Mihaly Varga, Orban’s chief of staff and a former finance minister, sought to ease those concerns during a June 5 news conference. Hungary’s deficit target of 3.8 percent of gross domestic product, approved by the EU and IMF, is “attainable” with changes in spending and revenue plans, said Varga, who a week earlier estimated the shortfall may exceed 7 percent.

http://www.businessweek.com/news/2010-06-06/hungary-rejects-greek-comparison-in-reversal-after-market-scare.html


so thats some news about Hungary and its apparent faltering in the economy.
and i was made aware of a strike to take place tomorrow in spain 6/7/10?

anyone have news on the Spanish strike or any information about these two countries?

[The Vegan Marxist]

The austerity programs being implemented within these areas, especially Spain now, are deeply effecting the economy. It's only a short time 'til we start seeing a greek-like occurrence to take place in Spain. Hopefully.