Matolcsy György issued a small business aid program offering 0% base-interest.
After this runs through the banks the interest rate will probably go up as far as 2% which is the bargain of the century. I mean I don’t need a loan but if I ever did now would be the time! 🙂
One question though: where is that money coming from? Oh yes, it is the country’s foreign currency reserves.
I don’t mean to make hurtful comments about this extraordinary idea of Mr. Matolcsy; I just would like to express my mixed feeling about it.
I haven’t got the faintest idea about how we could improve our economy on the large scale but it is quite risky to give our reserves with no interest at all.
I say this knowing that this would be a nice plan if I wanted to give more money to my friends who are happen to be company-owners. It would not be the first time for some goverment man to pull off a stunt like this.
I’m not a big fan of conspiracy theories so I try to be positive about this whole things. We’ve still got a year until the next elections. Mr. Matolcsy has one year to prove himself useful. Otherwise the people of Hungary might even go with another party.
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