Minister urges bigger role for state
Monday 13:37, October 4th, 2010
National Development Minister Tamás Fellegi called for a reassessment and a strengthening of the role of the state, in step with other European countries.
Speaking at the 48th Convention of Economists in Szeged, Fellegi pointed to the examples of France, Germany and the United states as countries that took unprecedented market intervention to stimulate their economies. He added that Hungary needs market protection measures too.
The new government believes the solution is strengthening the role of the state, through concentrated management of assets and a resource and development policy that are on the same track, he said.
Fellegi stressed that the aim is not to create a “government-controlled” economy. Rather the government wants more state involvement than before to balance economic processes, restore competitiveness and improve living standards. (MTI – Econews)
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