Hungary Again On The Headlines

But this unassuming nation - sandwiched between 7 countries, including Slovakia and Austria - has other delights to offer: friendly people, low crime rates, cheap living good food, Hungarian Wine and even cheaper houses.

Hungary boasts one of the most beautifull capitals in the world.Nicknamed the Pearl of the Danube, Budapest's elegant architecture, fine restaurants and apartment-dominated property market decorate theDanube.Delightful: Budapest has manyattractive properties - and they're even cheaper outside Budapest.

Everyone thought Hungary's economy was cooking along, no one ever thought they'd run hungry over a credit crisis. Were they cooking the books, cooking in an oil spill, or using the wrong grease for their breakfast foods? No, they were not hiding or obscuring their debt, they were boosting their hunger for credit. Nations in trouble are looking for debt, borrowing more, but that only means there is less for other nations.

Nations like Portugal and we will soon find out the others, will not be able to have access to the capital markets or central bank funds they need to get through this continuing economic crisis. Imagine the challenges now, as everything is interlocked, all the nations have lent to each other so they can continue to run their economies, then it all stops, all of a sudden?#/1#

In the unlikely situation whenSpain falls, or cannot pay its debt, the trillion dollars debt of the Nation needed to bail them out, will not be there. Since the FED has re-created the dollar-Euro swap programs, we are connected too, and on the hook for our share of the IMF Greece bailout, which is more money than we'd need to bail out NY, CA, NJ, FL, and 10 of the United States' largest cities.|} Our corporations sell in Europe, their corporations sell here, we are all tied together, and China is invested in Euros and dollars. #2#You can fly by several budget airlines offering return flights for less than £100 - prices tumble. Rural properties in southern and eastern Hungary can be snapped up for as little as £10,000. Most British buyers are drawn to the Lake Balaton region. Only 120 km or 80 miles from Budapest, it's estimated that more than 1,000 Brits own holiday homes around the lake, which is the largest in the region.

Hungarian Wines are somewhat underrated among fine wine enthusiasts, even the well-known Tokay .This is unfortunate because brand is a huge part of the wine buying process. However, from now on people in the England can turn to the Hungarian Wine Shop to find the selection they need and also to meet some of the newcomers in this growing market.#/