I would like to correct a misleading title submitted by
. According to DIRECT, "Hungary Takes IMF/World
Bank to Court for Negligence." This is incorrect. As it is clear from the
"press release," it is not Hungary (or, if you prefer, the government of
Hungary, which "takes IMF/World Bank to Court for Negligence," but "certain
Hungarian citizens are contemplating a class action on behalf of all the
citizents of the Republic of Hungary."
> [*** HUNGARY IS TO TAKE IMF/WORLD BANK TO COURT FOR NEGLIGENT ADVICE
> It is requested by Dr. Endrey to widely disseminate his following
> public domain articles. I hereby comply; Dr. Andras J. Pellionisz]
> Anthony Endrey, Dr. Jur., LL.B. (Hons.), QC
> One of Her Majesty's Counsel for the States of Victoria and Tasmania
> H-6800 Hodmezovasarhely, Hungary
> Rudnay Gyula u. 2B
> Phone and Fax (36) 62-342-959 August 8, 1995
> PRESS RELEASE
> Following publication of my letter dated July 6, 1995 to Hungarian
> Premier Gyula Horn concerning the liablility of the World Bank and the
> International Monetary Fund for negligent advice given by them to successive
> Hungarian Governments since 1990 as a result of which the Hungarian state
> debt has risen by more than 50% and the Hungarian national economy has been
> ruined, extremely wide publicity has been given to my views in the
> Hungarian Press and Radio and extensive consultations have taken place
> between myself and leading Hungarian economists and other concerned
> I have now been authorized to disclose that certain Hungarian
> are contemplating a class action on behalf of all the citizents of the
> of Hungary in the Supreme Court of the United States agains the World Bank
> and the International Monetary Fund and their leading executives for several
> hundred billions of dollars damages for negligent advice and breaches of
> fiduciary relationship.
> [undersigned] Dr. Anthony Endrey QC
> [Translation from original written in the Hungarian language]
> [From: Anthony Endrey, name, title and address as above]
> To: Hungarian Prime Minister Dr. Gyula Horn
> Dear Mr. Prime Minister:
> I am a Hungarian and also an Australian solicitor with 33 years of
> legal practice in Australia. For recognition of my legal services I was
> appointed Her Majesty's Counsel for the states of Victoria and Tasmania.
> For my qualifications in Economics I attach hereto the descriptions
> published in "Nemzeti Ujsag",13 Jan. 1995.
> I resettled in Hungary in May 1988, and I view with great alarm our
> country's rapid economic decline, for which in my opinion the International
> Monetary Fund (IMF) is in large measure responsible in conjunction with the
> World BAnk for endorsing their economic policy.
> In your interview with Reuters in today's press I see that you have
> pointed to the damaging economic demands made by the IMF and the West in
> general. With this in mind I wish to bring to your attention fundamental
> rights in both the British and American legal systems. The Hungarian
> Republic has a well founded right to claim damages against the IMF and
> their office holders for enforcing defective economic policy, and for
> incorrect advice given, thus causing severe damage and loss to the
> Hungarian economy.
> It is a fundamental and basic right in the English and American
> legal system that
> 1. If a person representing himself as an expert, &
> 2. In this capacity gives advice, knowing that the recipient relies
> on it, &
> 3. behaves carelessly, &
> 4. the recipient following such advice suffers loss and/or damage
> 5. The advisor is liable to pay damages.
> The above is regardless of the existence of any contractual relationship
> between the two parties. Therefore it applies in the absence of any
> contract -- known as Negligent Advice Responsibility, so-called tortious
> liability, or what is in Roman law o b l i g a t i o e x d e l i c t o.
> From 1990 onward, I myself watched the activities of IMF and the
> World Bank with great interest, and have foreseen the above-mentioned
> damages when Mr. Michael Camdessus the President of the IMF strongly
> advised the Antall government that Hungary should, with greatest speed,
> adopt world prices. To give such irresponsible advice, knowing that in
> Hungary wages, pensions and social security benefits were, and still are,
> far from world related was grossly negligent. As a result of this the
> Hungarian economy has started down the slippery slope on which she has been
> unable to stop.
> Furthermore, exceptionally irresponsible was the repeated advice
> from the IMF and the World Bank for our country to always maintain and
> service the foreign $ debt.
> The IMF and World Bank's expert officials must have known very
> well, and indeed before 1990 it was a widely known fact, that international
> loan makers had rescheduled, and even further written off large amounts of
> debt in the Latin American, African and Asian countries, despite the fact
> that these debts were incurred due to their own economic mismanagement, and
> not, as in Hungary's case the result of foreign occupation.
> Thus the negligent advice and irresponsible demands resulted in a
> 50% increase in the foreign debt which now unbearably depresses the
> Hungarian economy.
> In the interest of our country, I respectfully request that you the
> Minister President of Hungary give consideration to the above.
> Truly respectfully,
> [undersigned] Dr. vitez Anthony Endrey - solicitor, British QC
Hi! I'm writing to see if anyone can give me any information about a
record album I found at a yard sale. It is by a female pop singer named
Zalatnay Sarolta, and is titled "Ha Fiu' Lehetne'k." It is on the
Qualiton label, LPX 17404. Though there is no copyright date, it would
seem to be from the mid to late sixties, judging from the clothing on the
cover photos. It has a great sixties pop sound to it, and I enjoy it a
lot, even though I can't understand a word! If anyone can tell me more
about this singer, I would be most interested.