Word: socialist
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Although this united opposition to the Democratic establishment is healthy for the Republican opposition, the Tea Party’s rhetoric is not. Calling the president of the United States a socialist is the type of extreme language the Republican Party needs to disassociate itself from, and using similarly harsh language toward Republicans in office or the idea of government altogether is certainly not conducive to a GOP electoral victory this fall...
Suffering a decline in popularity largely because of the global financial crisis and Hungary's high levels of unemployment, Prime Minister Gordon Bajnai's Socialist Party suffered a major setback in the country's first round of parliamentary elections on April 11. Although the final allotment of seats won't be determined until after a second round of polling on April 25, the center-right Fidesz party looks to have won 206 spots in the 386-member parliament, while the extremist, far-right Jobbik party, a nationalist group that some accuse of anti-Semitism, won an estimated 26 seats...
...even if the agreement gives the government some breathing room, Greece faces a tough road ahead. The markets - and Europe - will be watching closely to see if the country's socialist government can follow through on the deeper structural reforms Greece needs to implement to rein in its staggering debt and jump-start its moribund economy. As part of its pledges to its European partners, Greece has already cut civil servants' pay and raised taxes. But those are merely short-term measures. The bigger challenge is to reform the country's tax and pension systems, liberalize controlled areas...
...first major votes in Europe since the economic crisis struck, conservative and extreme-right parties swept the first round of Hungary's parliamentary elections on Sunday, toppling the ruling Hungarian Socialist Party and demonstrating how angry people are in one of the worst-hit countries on the continent...
...Many analysts see Jobbik's ascendancy as a sign of disenchantment among an electorate weary of politicians and battered by the financial crisis. Hungary has had a rough time lately: the economy contracted by 6.3% in 2009 and unemployment now tops 10%. Also last year, the previous Socialist Prime Minister, Ferenc Gyurcsany, resigned following years of controversy that began when he admitted that his party had lied about the state of the economy before 2006 elections. "[Jobbik] is a protest movement," says Laszlo Csaba, an economics professor at Budapest's Central European University. "And without strong ideological or organization glue...