U.S. ’Deeply Concerned’ Hungary Democracy Weakening, Hvg.hu Says

The U.S. is “deeply” concerned that Hungary’s democracy is weakening as the government “eliminates” checks and balances on its power, news website hvg.hu reported late yesterday, citing Thomas O. Melia, Deputy Assistant Secretary at the Department of State.

A draft law which would curb the power of the central bank is the latest in a series of measures that add to the worries the U.S. government has over Hungary, hvg.hu said, citing an interview with Melia.

Hungary’s ruling party’s action of filling the judiciary with its own people also threatens the independence of that branch of the state, Melia told the website. The proposed changes on the governance of the central bank are “even more problematic” because they may undermine an institution central to the working of the free market, he added.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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