‘We are no longer living in an age where mere export promotion or trade fairs are sufficient to stimulate economic growth. What Germany lacks is strategic positioning in a geopolitical context that has dramatically changed. That is where we step in. BWA Global Economic Network is Germany’s only institutional framework that consistently thinks in terms of economic diplomacy…’
Péter Szijjártó didn’t mince words in criticizing Ursula von der Leyen, calling her a diplomatic embarrassment and slamming the US–EU trade deal as a humiliating defeat for Europe. Speaking on the Warriors’ Hour podcast, he said the EU would now pay the price for eight years of insulting Trump.
The euro plunged to $1.1565 on 29 July, down 1.6 per cent since the US–EU trade deal was announced—despite Ursula von der Leyen calling it a ‘huge deal’. Markets, however, delivered their verdict: the agreement heavily favours Washington, leaving Europe with rising energy dependence and economic uncertainty.
After months of negotiations between Brussels and Washington, Ursula von der Leyen and Donald Trump announced a new EU-US trade deal. Though hailed as a success by the Commission President, the agreement disproportionately favours the United States, risking Europe’s strategic overdependence on Washington. Additionally, the deal delivers a serious blow to Hungary’s economy.
A united European army remains an illusion, argued Hungarian and regional experts at Tusványos. Citing historical, political, and structural obstacles, panellists instead urged member states to focus on NATO, develop national defence industries, and prepare for a shifting global security landscape.
Will Brussels dictate the future of Europe, or can member states reclaim control? A high-profile panel at Tusványos, including Hungarian EU Affairs Minister János Bóka and Rod Dreher, criticized the EU’s centralization drive, arguing that the European Commission now holds more power than many national governments.
Hungary has refused to comply with the EU’s migrant quota system, citing national security concerns and growing public dissatisfaction across Europe. György Bakondi warned that Brussels’s approach ignores the realities faced by member states.
‘Russian responsibility in this failure is becoming increasingly clear,’ said Zsolt Németh, referring to the failed peace talks in Ukraine during the opening of the 34th Bálványos Summer Free University. At the same event, State Secretary for National Policy Lőrinc Nacsa also delivered remarks, emphasizing that the Hungarian government stands for Hungarians both beyond and within its borders.
The Hungarian men’s water polo team defeated reigning Olympic champions Serbia in the semi-finals of the World Championships in Singapore, taking a crucial step towards making history by aiming to secure a record fifth world title—an achievement no other country has managed. In the final, the men’s team will face Spain, while the Hungarian women’s team will take on Greece on Wednesday.
The 34th Bálványos Summer University and Student Camp, better known as Tusványos, begins Tuesday in Băile Tușnad with the slogan ’You Can Count on Us’, offering political debates, cultural events, and high-level speeches through Sunday.