Mihály Munkácsy: Karlsbadi fasor

It’s Still Better to Follow the Warpath than Hit the Road to Nowhere

Uncertainty about a ‘Huxit’ scenario is not fuelled by the Hungarian Prime Minister but rather by EU bureaucrats using a one-sided interpretation of the rule of law. The Hungarian government possesses a clear mandate for EU reform, distinct from the binary narratives of full Eurofederalism or immediate exit.

The Risk in Not ‘De-Risking’ with China

‘There is also a way to deal with the world’s largest economy, for the US Dollar (USD) is not going to decline anytime soon. Those who claim that the USD is in decline often argue that for centuries, reserve currencies have risen and fallen in tandem with their home economies. As the US’ share of the global economy diminishes, economists argue, so too will the USD and its global hegemony. A fascinating yet hardly conclusive argument since there has never been a dominant global reserve currency prior to the USD. Quite the contrary, the USD is the only currency ever to have played such a pivotal role in international commerce.’

Hungary Can Expect a Great Tourist Season, Tourism Agency CEO Says

In a recent interview with business news site Világgazdaság, Hungarian Tourism Agency CEO Péter Horváth highlighted that the number of guest nights booked by foreign visitors to Hungary is on the rise, while domestic tourism has shrunk, which is in line with international trends in the industry. On the whole, however, the total number of nights booked has increased by four per cent in the first five months compared to last year.

Soros NGO Network Taken Over By 37-Year-Old Alex Soros

Alex Soros will be heading the Open Society Foundations from now on, taking the position over from his 92-year-old father, George Soros. In a recent interview, the new chair claimed he is ‘more political’ than his father, and that he will make abortion and voting rights his top priorities.