Thursday, May 11, 2006

Istanbul

The Hungarian PM was just recently elected and what did we discuss with him? He was a self made billionaire from IT biz. Well they had won votes by giving out perks such that the situation is no longer tenable. Their debt to GDP is over 60% and budget deficit of near 7% of GDP. In simple words spending more than they earn. The amazing thing is that the leaders of all the countries we visited are all very well versed in modern economic practice and the need for fiscal discipline. We shall see.
Election office in Pest


Here are more pics from ankara. We visited their national hero's masaoluem, Taturk.
Also view from the Sheraton and air view of bridge linking european part to the asian part of Istanbul b4 landing.











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