The latest joke from Hungary says as part of its cost-cutting measures the government has now switched off the light at the end of the tunnel. But seriously, the situation in Hungary is dire and people with consumer credit and mortgages are among those most badly affected. Years of living on credit have had a negative impact on the whole of society, on its standard of living as well as its confidence. When President Barack Obama and British Prime Minister Gordon Brown tried to find a particularly contemptible and frightening word to exemplify the current economic crisis the one that came […]