BUDAPEST, Hungary (AP) — The head of Hungary's Fiscal Council says he is resigning because of the government's decision to weaken the independent budget watchdog.
George Kopits said in a statement Monday that the "evident cessation of trust" in him and the lack of continuity between the new, three-member council and the one he headed for the past two years were behind his resignation effective Feb. 8.
Last year, lawmakers from Prime Minister Viktor Orban's governing Fidesz party replaced the original council — whose three members, backed by several dozen analysts, prepared studies and opinions of the state budget and the economy — with a new board made up of the heads of the central bank and the state audit office and an expert named by Hungary's president.
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