Hungarian Conservative

Iran launched an unprecedented air strike against Israel on Saturday night. Hungarian Prime Minister Viktor Orbán reacted by convening the Defence Council on Sunday. The PM reassured Hungarian families that the government is committed to protecting them should the conflict escalate.

Despite climate and clean energy transition targets, the current energy crisis has forced many countries to increase coal-based power generation. The question is: can we expect a turn in coal use in the shorter or longer term, and closely related to this, is there any other reason for the rise in coal use for energy than the energy crisis itself?

The following is Part III of a three-part analysis that sets out to illustrate the three fault lines that are about to redraw the geostrategic map of the Old World.

Both the G7 and the BRICS countries are led by self-interest. Superpowers are superpowers, whether they are Western or Eastern: they intend to expand their influence on the global stage. The lesson for Hungary is to maintain good relations with everyone, but defend oneself against all types of neo-colonialism, be it Western or Eastern.

As Japan’s example continues to illustrate, hope and one’s true objective must never be forgotten, let alone given up. For Hungary, as for Japan, national interests and the progress of the nation constitute both the foremost goal and the means to achieve it.

At first glance, the declaration of wanting to see Ukraine in NATO does not seem much more than what the country was already told in 2008. But the truth is that Ukraine is closer than ever to joining the Alliance, which was indicated not only by the unanimous adoption of the closing communiqué, picturing Ukraine’s future within NATO, but also by the fact that Ukraine can skip the preliminary Membership Action Plan (MAP) that every other post-Soviet country had to undergo and negotiate defence issues as an equal partner in the established NATO Ukraine Council.

‘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.’

It is high time to start building a close strategic partnership with the new member of the ‘Central European family’ that—as the only one of us—got a seat at the G7 table while it is fighting a heroic fight for freedom to regain its occupied territories: i.e., Ukraine.