Why did Péter Medgyessy resign in 2004?
Health issues
Foreign pressure
Conflict with the Socialist Party's coalition partner
Loss in Re-election
Answer
Conflict with his coalition partner, the liberal SZDSZ party, prompted Péter Medgyessy's resignation in 2004. The disagreement centered around budget issues and Medgyessy's controversial decision to lower the deficit by cutting social benefits and raising taxes. This decision faced heavy criticism from the liberal party, leading to tension and eventually, Medgyessy's decision to step down.
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