Unemployment will continue to rise over the next six months, both in Europe and in Hungary, as the crisis is not yet over, Hungarian Prime Minister Gordon Bajnai said at a press conference after an EU summit in Brussels on Friday.
Mr Bajnai stressed that the time was not yet right to finalise a strategy for an exit from crisis measures. Analyses for exit strategies from economic stimulus packages will be prepared no earlier than the next EU summit in June, he said, adding that the strategies had to be coordinated if they were not to cause imbalances.
In the period after the crisis, big government deficits resulting from the earlier stimulus measures could have negative consequences, Mr Bajnai said.
A Europe-wide system of financial market supervisors is intended to prevent a repeat of the financial crisis, he said. In this respect, Hungary is acting in harmony with Europe, he added.
Mr Bajnai expressed hope that Parliament would approve in the coming week measures that will expand financial market regulator PSZAF’s legal scope.