Ferenc Gyurcsany

Ferenc Gyurcsany was appointed Prime Minister of Hungary by President Laszlo Solyom, succeeding Peter Medgyessy. He was a wealthy businessman and former member of the Hungarian Socialist Party. His appointment marked a continuation of socialist-led government.

Following the leaked speech, Gyurcsany's government implemented austerity measures including tax increases, spending cuts, and public sector reforms to reduce the budget deficit. The measures were unpopular and contributed to the political instability.

A leaked recording of Gyurcsany's private speech to Socialist Party MPs revealed him admitting that the government had lied about the economy to win the 2006 election. The leak sparked massive protests and riots in Budapest, with demonstrators calling for his resignation.

Gyurcsany resigned as Prime Minister after losing a no-confidence vote in parliament. His resignation came amid the global financial crisis and ongoing political turmoil. He was succeeded by Gordon Bajnai.