Windows on Wednesday Night October 8th #814

	It began with a bold vote in the Hungarian parliament. It ended with the bloody overthrow of Romania's communist dictator. Relive 1989, the year the Iron Curtain lifted. (Flash plugin required)

Nov 1997
In a poor turnout, 85% of who voted in a referendum on joining NATO said yes.

DESTINATION HUNGARY

Wednesday October 8th #814
MEET THE MEDIA

McGill professor Tony Deutsch Links to Hungary Search . CE OnLine . Map . Big Map . Lots of Maps . WWW. Hungary . Art . New

On Wednesday October 8th, thanks to Tony Deutsch, we will have as our guest Peter Zentai, Editor of the International Politics section of Hungarian Radio.
Mr. Zentai is a specialist in international affairs and economics who has covered events in the Middle East, Italy and South Africa, prior to serving as a Vienna-based correspondent (1991-95).

For CNN World report, he covered events associated with the fall of the Iron Curtain in Hungary and Romania and participated in the 1990 Atlanta Conference of CNN World Report correspondents. In 1986-87, he was a contributor to the "Institutional Investor".
During his visit to Canada, Mr. Zentai is particularly interested in the Canadian perspective on NATO, , the European Union expansion, NAFTA and Canadian Trade issues. He is also seeking enlightenment on the Canadian National Unity question (!), the AECL, and Canadian cultural industries.

We look forward to having you join us for what should be a fascinating encounter with representatives of our media.


Diana and David Nicholson

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The situation improved sharply in 1995; an austerity program introduced in March reduced both deficits, and a renewed privatization effort later in 1995 resulted in more than $3 billion worth of sales of state firms to foreign investors - money that will be used to reduce Hungary's large foreign debt. As for other macroeconomic developments, real GDP increased 2.9% in 1994 - following several years of steep decline - and about 1.5% in 1995. Unemployment reached 14% in early 1993 before gradually falling back to 10% in 1995. Inflation has oscillated; it reached 40% in mid-1991, dropped to 17% in early 1994, and then jumped back to 31% by mid-1995. Prospects for 1996 are good. With the government still committed to austerity, both the budget and current account deficits should fall to about 4% of GDP. Economic growth is expected to be about 2% and unemployment at about 10%, with inflation falling to 20% by yearend. In March 1996 the IMF signed a new standby loan agreement with Budapest, and the OECD approved Hungary's application for admission.

GDP per capita: $7,000 (1995 est.) vs Canada's GDP per capita: $24,400 (1995 est.)

Antal Deutsch
by
Juliet O'Neill
The Ottawa
Citizen

Gazette private pension or retirement-plan OCT 6 1997 Lift shackles from investors ... Over the last 10 years, the average annual return on Canadian stocks was 7.8 per cent, compared with 12.7 per cent in the United States, 12. 5 per cent in Australia, 11.5 per cent in France and 24.8 per cent in Hong Kong. OCT 8th 1997 The Globe And Mail Dollar set to climb, Thiessen warns VANCOUVER - The Governor of the Bank of Canada is warning the country's exporters not to be complacent about the current level of the Canadian dollar because it is sure to rise over the next few months. "I believe the trend in the dollar is upward," Gordon Thiessen said after a speech to the Vancouver Board of Trade Tuesday. "So exporters should plan on some increases ahead. They shouldn't depend on the current levels of the Canadian dollar to stay competitive." Mr. Thiessen said in his speech that some combination of another rise in short-term interest rates and an increase in the dollar would likely be necessary in the next few months. The dollar closed Tuesday at 72.87 cents (U.S.), down 0.01 cents from Monday. Last week, the central bank raised the cost of overnight loans to financial institutions by one-quarter of a percentage point, raising the upper limit of the operating band to 3.75 per cent. In June, the bank raised interest rates for the first time in two years, pushing its key rate higher by one-quarter of a percentage point. But Mr. Thiessen said any action the central bank might take would be a gradual increase in interest rates, not a drastic move that would choke the economy. How not to spend a fiscal dividend By Terence Corcoran AT the behest of Finance Minister Paul Martin, the Commons finance committee will be touring the country this fall in search of a solution to a political problem Mr. Martin helped create: the "fiscal dividend" crisis. What began as a useful tag for an emerging financial development, a federal budget surplus after decades of deficits, the so-called fiscal dividend has now been hyped by Mr. Martin and others into a Disneyland of big spending and huge tax cuts. The role of the Commons committee, one assumes, will be to scale back expectations.

An Analysis of "Pensions in an Emerging Economy
by Professor Antal Deutsch 11KB

Dr. Mihailo Crnobrnja
Could it happen here?

Re the stock market we have a break out on the up side please see our Charts as of Oct 7 close. "When you have an upside break-out, do you call your roofer, your dentist or your physician?" Tony D. WordsWisdom Lucienne Robillard Wed923LR 10 Nov 199 asked that we examine: debt targets, Tax relief / reform, Social infrastructure, Internet & new tech., Productivity?, Air Canada/ONEX/Canadian, Hans Black, JAY BRYAN , John Ciaccia, Jacques Clément, Prof Tony Deutsch, Julius Grey, Guy Stanley, Robin Wohnsigl Dow 10,000 #889 Green money, oil, Olympic ring, Pierre Bossé intro Guy Stanley ..Colonels, Condos and Copps ,Jacques Clément Euro.. stock market = 250% of GDP, vs 50% 15 yrs ago. Tony Deutsch MSE Marie Cormier 25 yrs at the bar.. <"Tony D2">©1996 David T. Nicholson<"Tony D2">Please phone (514) 934-0023 <"#814">Pleasee-mail us your thoughts. <"Tony D2">

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Sunday, November 14, 1999