Hungary's new constitution creates massive protests

Note: This section contains information in English only.
Source: Bloomberg

Hungarian opposition engaged in mass protests against Hungary's new constitution approved on January 1. It is the first joint demonstration against Hungarian PM Viktor Orban since he was elected in 2010. Tens of thousands picketers gathered around Opera house in Budapest to protest against constitution which have been criticized by US and EU for hampering democracy. Lawmakers last week voted in favour of a law that expands the rate-setting authority to Monetary Council while limiting the rights of central bank.

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