Poland and Hungary make moves against foreign corporations in name of "economic patriotism"

Two decades ago, post-communist Hungary and Poland were beacons for foreign investment. Both countries benefited hugely as that investment brought new technology and financing, and created jobs. Foreign companies buying state assets also stopped “oligarchs” taking chunks of the economies at cheap prices.

“These are national economies and the security of national economies must involve national influence. This is what I believe is economic patriotism,” said Viktor Orban, Hungary’s prime minister, at an appearance last month with Jaroslaw Kaczynski, who leads Poland’s governing Law and Justice party. Mr Kaczynski said he shared many of Mr Orban’s views.

What does this mean for the investments of foreign businesses? So far the picture is mixed. Since 2010, Mr Orban’s Fidesz government has slapped “crisis” taxes on the retail, telecoms and energy sectors, dominated by foreign businesses. It imposed Europe’s highest banking levy on mostly foreign-owned banks, causing an outcry in Washington. Banks not owned by Hungarians were forced to bear the costs of converting into local currency billions of dollars of mortgages issued in foreign currencies after borrowers were hurt by exchange rate moves in 2008.

As bank profits plummeted, two midsized foreign-owned (Israeli and American) banks sold out to Hungarian state-owned buyers, fulfilling Mr Orban’s aim of raising national bank ownership above 50 per cent. After the government cut utility prices, some foreign companies also left.

Mr Orban had said sectoral crisis taxes were temporary while it reformed public finances. But he admitted last month he believed it was important to have national “influence” over four key economic sectors: banking, media, energy and retail. He said this had not yet been achieved in retail.

ft.com/content/417e4558-4525-11e6-9b66-0712b3873ae1

oy vey
What are those goyim thinking? Don't they know that letting foreign companies buy up your national assets and influence your government is good for GDP?!?!

LITERALLY ANNUDA SHOAH

I don't know what kind of kike wrote that, but he deserves to have his teeth kicked in. The eastern Bloc countries were the booty the USA won in the cold war, this foreign (((western))) investment only ruined the national companies and turned the countries into cheap labor camps, they make the people work for the same effectivity as in Germany, but pay them only third of a salary of a german worker and suck all the profits back to the West. They will pay for this exploitation.

...

same deal as what happened with East Germany and why it's so much poorer than West Germany, during reunification the German government shut down all of the industry in the east so they couldn't compete

Yes IKEA rings a bell. Time for them to DIE

BASED HUNGARIANS

CAN'T FAG THE VISEGRÁD

OYY GEVAALT!!!

Yeah, that's truly the move of the controlling neurotic kike slave master.

More socialism and market control? OK, I love our kryptokike socialist now…

lmao

At least slavs will live on.

lolbergs out

The only way that the Slavs and Magyars could be so brazen is if they were reasonably confident in the winds of change moving against the Kikes.

Trump is gonna fucking win.

Ah, "foreign investment" is the new term for "Jews pillaging and raping your society and carrying off your young women to brothels in tel-aviv." I can't get my tongue around their lingo.

this is literally another holocaust

…at this point they might rebuild the Warsaw Pact as a voluntary union.

...

based mags & poles

No russia Russia can suck a mongolian dick

This.
The biggest thing Trump will do is not fuck with these countries and let them be, thats his benefit if he assumes the oval office.
Thats a very good thing, if compared to Hillary's idea of sending "liberation" forces to fight "extreme-nazi-nationalist-isolationist-badgoy" any European country that dont serve ZOG.

Then how exactly do you expect to enforce your "NO" when NATO/EU doesnt accept it and demands more rapeversity?

Oh right.

socialist out