György Matolcsy, governor of the National Bank of Hungary (MNB), suggested that the demise of several Hungarian stockbroking firms had been part of a plot to bring down the government in late 2014 and early 2015.
Presenting the MNB’s 2015 report to lawmakers on Wendesday, Matolcsy (pictured above) said it appeared that revelations of fraud at the stockbroking firms in question had been “scripted by the secret service or the military” with the aim of starting a run on Hungarian banks. “This fits with activity by the Budapest embassy of a “big NATO member” aiming to bring down the government…” Hungary’s market watchdog, which operates as part of the central bank, had been monitoring the stockbroking firms in question, Matolcsy said, adding that whether the fraud had been revealed in January-March or in May was not a matter of indifference. Through leaking information to the Hungarian central bank the real aim was to speed up the investigation and generate a political and financial crisis in Hungary in order to overthrow the government, Matolcsy suggested.
The opposition Socialist Party has called for an investigative committee to be set up to establish the facts concerning a statement by the central bank governor that Hungary’s national sovereignty had been threatened by a NATO member state in 2014. Attila Mesterházy, chairman of parliament’s budget committee, said that governor of the National Bank of Hungary György Matolcsy’s accusation during a briefing to lawmakers that a third country had attempted to undermine the government with a view to ousting it deserved scrutiny. He added that it was clear from the context of Matolcsy’s briefing that he meant the United States. Mesterházy said that either Matolcsy had “talked a lot of nonsense” or he had brought up a grave problem which should be investigated. He added that if Matolcsy had not spoken the truth, then he should resign. If he had done so, then the issue arises as to why he had not briefed lawmakers on the issue beforehand, he said.
via hungarymatters.hu and MTI; photo: Szilárd Koszticsák – MTI