announcing that he would hand over his position to a new premier with a higher support of the parties of the Hungarian Parliament. The Alliance of Free Democrats (SZDSZ) opposed most candidates for the post proposed by the Hungarian Socialists. Although Bajnai was reluctant to give in, after a week, with no tangible results in sight, and being asked by the majority of party stakeholders, who also assured him of their support of the needed austerity measures, he took the job. Securing the backing of both parties, Bajnai became prime minister on 14 April 2009. Prime Minister The Hungarian Parliament elected Bajnai as Hungary's Prime Minister with 204 votes for, 8 abstentions. The remaining 174 MPs did not vote. In his first speech as PM, he promised drastic measures to stop the negative spiral of the Hungarian economy, and to ease the burden of the international crisis. He also stated that he would remain in power until he had the solid majority of Parliament behind his austerity package, but will stay no longer than a year. He did not want to nominate himself on the next election; he undertook the task for only a year. Attila Mesterházy became the Hungarian Socialist Party's candidate for the position. The MSZP suffered its worst result since the 1990 elections. The sixth National Assembly of Hungary formed on 14 May 2010. In accordance with the Constitution of Hungary Bajnai became "acting Prime Minister" for the following days. In his last speech he raised word against the Jobbik fearing for democracy given the party's radical views. The new cabinet formed on 29 May 2010. Bajnai was succeeded by Viktor Orbán. After that he retired from politics and returned to business life. Economic policy Bajnai took over an economy that was expected to contract by 6 percent in 2009 and was kept afloat by a $25.1 billion IMF-led lifeline. Foreign investors were declining to finance Hungary's high budget and then current account deficits, and the forint's weakness threatened hundreds of thousands of families who took out foreign currency mortgages. Bajnai must have had to cut spending to rescue the budget, keep within IMF guidelines and regain investor confidence. The Bajnai government had four main goals: Immediate crisis management (Activities: Stabilization of the financial system, Safeguarding jobs, supporting those who lose their jobs, Programmes to help the financing of SMS’s; Accelerating absorption of EU funds) Stimulating economic