USD Is Still King of All Currencies Despite Fears of It Losing Global Dominance

‘In the end, the USD’s centrality to the system of global payments also increases the power of sanctions it imposes on other countries or individuals. In truth, since almost all trade is done in American dollars, even trade among other countries, they can always be subject to US sanctions because they are handled by so-called correspondent banks with accounts at the Federal Reserve. By cutting off the ability to transact in USD, Washington can make it uncomfortable for those it blacklists to do business.’

Balázs Orbán to Le Monde: ‘The Ukraine conflict is not our conflict’

Political Director for the Prime Minister of Hungary Balázs Orbán talked to the prominent French paper Le Monde. In the piece, he discussed Hungary’s pro-peace approach to the Russo⁠–⁠Ukrainian war, the re-election of Ursula von der Leyen as Commission President, and Fidesz’s pursuit of joining a political group in the European Parliament as well.

Representatives of Athens and Corinth at the Court of Archidamas, King of Sparta, from the History of the Peloponnesian War by Thucydides

Should We Be Afraid of the ‘Thucydides Trap’?

The description of the Thucydides Trap is more a description of a spontaneous escalation rather than a well-calculated move towards changing the international order. Applied to the case of the US and China, the ‘Thucydides Trap’ is far removed from the reality and complexity of such power relations, beyond being a useful rhetorical tool.

Hezbollah Threatens Cyprus with War, EU with a Wave of Refugees

Hezbollah Leader Hassan Nasrallah threatens to use Syrian refugees as a political weapon while also warning Cyprus of a possible attack if the island nation assists Israel militarily. The group’s ability to manipulate refugee flows and its readiness to use military force against EU member states necessitate an effective and coordinated response from the European Union.

Discourses on Livy: Machiavelli’s Relevance Today

‘A successful republic, according to Machiavelli, is characterized by laws that are lived by rather than frequently amended. While no system of governance can achieve absolute perfection, a stable republic can achieve a functional balance. For him Rome serves as a historical exemplar of such a system, where laws were respected and adhered to, placing communal benefits above personal gain, thus prudently managing both public and private affairs.’

The Pechenegs and Medieval Hungary

‘Although the Pechenegs have no visible identity, they are part of the Hungarian nation to this day: their medieval history may have ended, but they have played an important role in Hungarian ethnogenesis. Great clans of Pecheneg origins, like the Tomaj, rose to high nobility, exemplifying self-sacrifice when it came to defending the country from foreign invaders.’