studies there, at a local grammar school. In 1979, he was admitted to the University of Pécs, where he studied as a teacher and obtained his B.Sc. in 1984, then he studied economics at the same institution, getting his university degree in 1990. In 1981, he assumed function in the KISZ, the Organisation of Young Communists, where he mostly handled organizing student programs at the beginning. Between 1984 and 1988, he was the vice president of the organisation's committee in Pécs. Then between 1988 and 1989, he was the president of the central KISZ committee of universities and colleges. After the political change in 1989, he became vice-president of the organisation's short-lived quasi successor, the Hungarian Democratic Youth Association (DEMISZ). From 1990 onwards, he transferred from the public to the private sector, working for CREDITUM Financial Consultant Ltd. until 1992, serving as director of EUROCORP International Finance Inc. in 1992. Gyurcsány then took the position of CEO at Altus Ltd., a holding company of which he was owner, from 1992 to 2002 and thereafter as chairman of the board. By 2002, he was listed as the fiftieth-richest person in Hungary. Return to politics Gyurcsány returned to politics in 2002 as the head strategic advisor of Péter Medgyessy, the previous Prime Minister of Hungary. From May 2003 until September 2004 Gyurcsány was a minister responsible for sports, youth and children. He became the president of the MSZP in Győr-Moson-Sopron county in January 2004, serving until September 2004. In the summer of that same year it seemed that there were larger problems in his relationship with Prime Minister Péter Medgyessy, so he resigned as minister. In a week, problems in the coalition led to the resignation of Medgyessy, and MSZP voted Gyurcsány to become Prime Minister as he was acceptable for the coalition partner, Alliance of Free Democrats (SZDSZ). Prime Minister Gyurcsány was reappointed as prime minister after the 2006 parliamentary elections, with his coalition taking 210 of the available 386 parliamentary seats, and making him the first Hungarian prime minister to keep the office after a general election since 1990. On 24 February 2007, he also became the leader of his party (being the only candidate for the post), gaining 89% of the votes. However, soon after the election victory serious financial problems arose. His government was forced to implement austerity measures to somehow manage the budget deficit, which was much