Megan McArdle reports in The Atlantic that the new Hungarian government has announced that its predecessor cooked the books. I am shocked, I tell you, shocked, particularly when we recall what the last Prime Minister but one said not long before he ceased to occupy that position. It would appear that the then Prime Minister, Ferenc Gyurcsány, admitted on his blog that, in order to win the election, he and his party lied morning, noon and night to the electorate. So why is it so surprising that the books were also cooked?
Incidentally, Ms McArdle does not mention it, but Hungary is not in the euro. Perhaps she doesn't know.