The energy sector is paramount in the state’s role as a provider of security, both in terms of a supply guarantor, as well as it’s way of em- bodying the geopolitical position of the country. [...] Similarly, in banking, the power of the central bank steers the functioning of the market, something that has become particularly visible after the failures of 2008. [...] It has depart- ed strongly from the immediacy of the post-crisis response evidenced in the West, rather to reformulate the pillars of the capitalist system erected during the post-com- munist transformation (Voszka 2018). [...] In the years 2009—2010, the mark-up was essentially equal, with a 1:1 ratio, whereas towards the end of 2019 the staggering drop of the price of gas reached a price ratio of 1:2 that indicates Hungarian gas is two times cheaper than the EU average per GJ. [...] Politically, the government has all the rationale to reinstate the feeling of so- cial safety, particularly by reducing the ‘energy poverty’ of the population.
- Pages
- 17
- Published in
- Croatia
