“Slave law” sparks unrest in Hungary
Hungary’s efforts to deal with chronic labour shortages have led to one of the strongest challenges of Viktor Orbán's eight years in power.
Hungary's prime minister Viktor Orbn "has defined himself by his opposition to immigration", says The Times. So it is ironic his efforts to deal with "chronic labour shortages" have led to "one of the strongest challenges of his eight years in power".
Orbn has introduced directives (dubbed a "slave law") to increase the amount of overtime that staff can be asked to work from 250 to 400 hours a year. The idea of employees in effect being forced to work for "one day a week for no extra pay" means 83% of the population opposes it.
It may be that Orbn is "overestimating his ability to fight battles on several fronts", says Leonid Bershidsky on Bloomberg. He has successfully fended off efforts by European Union officials "to constrain his authoritarian impulses".
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But suppressing domestic protest against laws that affect regular citizens' lives "is a more difficult undertaking". And what makes the current protests especially significant is that the demonstrators come from two distinct sections of Hungarian society, writes The Economist. "Veteran protesters" with "ideological grievances against the regime" have been joined by those who are simply "concerned about their everyday lives." That could prove a "potent mixture".
However, it would be a mistake to overestimate the threat to Orbn. The protests are still relatively weak, with just 10,000 taking part in the main march. What's more, the Hungarian leader "looks secure", with polls indicating that more than half of all Hungarians support the ruling party, Fidesz, with opposition groups still trailing "far behind".
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Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.
He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.
Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.
As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.
Follow Matthew on Twitter: @DrMatthewPartri
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