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Péter Medgyessy (born October 19, 1942) was the Prime Minister of Hungary from May 27 2002 until September 29 2004. On August 25 2004 he resigned, but remained "managing Prime Minister" for 30 more days. When that period expired he left office a few days later when his successor was confirmed by Parliament.

Though he resigned as Prime Minister,he currently continues to serve Hungary as a Member of Parliament in the role of travelling Ambassador. He states that he will never back down from this objective: "To make sure can become successful members of the most important international alliances including the European Union." see www.medgyessy.hu

Biography

Born in Budapest, Medgyessy studied theoretical economics at the Karl Marx University (now the Budapest University of Economics). He graduated in 1966, then returned to receive his doctorate. He is fluent in French and Romanian, and knowledgeable in the English and Russian languages.

Between 1966 and 1982, he held various senior positions in departments of the Ministry of Finance. In 1982, he became Deputy Minister of Finance, and in 1987, he became Minister of Finance. His tax system created Hungary's move toward a free market economy.

Between 1988 and 1990, Medgyessy was the Deputy Prime Minister for economic affairs, and between 1990 and 1996, he was CEO and Chairman of various Hungarian banks. After Gyula Horn took over the Hungarian government, Medgyessy returned to his previous position as Minister of Finance, in 1996. After his term ended, he became Chairman of the Board of Directors of the Inter-Europa Bank, and Vice President of Atlasz Insurance Company; he held these positions from 1998 to 2001.

Although he was not a party member, the Hungarian Socialist Party (MSZP) nominated him as their candidate for prime minister. The party won the 2002 elections, and on May 27, 2002, the Hungarian Parliament elected Medgyessy as the Hungarian Prime Minister.

On August 19 2004, regarding to impaired confidence in him by the coalition partner (SZDSZ), he declared his resignation. His party, the MSZP accepted it on the same day, so in effect the government bowed out, which is without precedent in the history of Hungary's young democracy. The resignation took effect on August 25, and in accordance with the Hungarian Constitution he became "managing Prime Minister" for the next 30 days. In the meanwhile his successor, Ferenc Gyurcsány, acted on his behalf.

Other Information

He received the Commander's Cross with a Star of the Order of Merit in 1998, and the highest French decoration, the Chevalier of the Legion of Honour in 2000. He is married to Katalin Csaplár. He has a daughter born in 1969 and a son born in 1970 from a previous marriage.

Magyar Nemzet (newspaper affiliated with the opposition party Fidesz) journalist Torkos Matild revealed in 2003 that Medgyessy acted as an operative of the III./II. counterintelligence section of the Hungarian Secret Service under the cover name D-209 before 1989. His duties, as he himself admitted, lay in the defense of Hungary from the KGB and securing Hungary's IMF membership. However, given the political climate of the time, this is highly controversial.

• 1942 births
• Hungarian politicians