Expert: Orbán-blocked Swedish NATO accession may result in harsh anti-Hungary US sanctions
According to the senior analyst at K&H Bank, failing to vote in favour of Sweden’s accession to NATO could worsen the Hungarian economy. In addition, Tibor Navracsics, Minister for Regional Development, is in talks with the prime minister about an independent ministry for public administration and regional development.
Sweden’s NATO accession, American sanctions
As Index writes, the dispute between government leaders and the national bank (MNB) governor is not good for the forint exchange rate, according to a senior analyst at K&H Bank. In addition, there is also a risk that Hungary could block Sweden‘s accession to NATO. Dávid Németh said:
The other problem for the government is that we still have accounting disputes with the European Union, which does not help the forint’s image. If we look at Sweden’s NATO membership, that is also more of a political risk. Mainly because if Hungary’s image deteriorates because of that, the United States could impose some kind of sanctions on Hungary.
However, Viktor Orbán sees a chance that 2024 could be the year of the reconstruction of economic growth in Hungary.
Changes in the Hungarian government
444 wrote that Magyar Hang has learned from three sources close to the government that a cabinet reshuffle is expected. Tibor Navracsics, Minister for Regional Development, who is negotiating EU funds, may be given his own ministry. His ministry would be responsible for public administration, which would mean that several professional areas would be transferred to him.
The Prime Minister’s Office would then have a purely political role. At the Prime Minister’s Office, István György is State Secretary for Territorial Administration, Árpád Potápi for National Policy, Máriusz Révész for Active Hungary, and Miklós Soltész for Church and National Relations.
Telex reported that the new, autonomous ministry for public administration and regional development could be in place from the 1st of January. Navracsics also said that his responsibilities for EU funds are expected to remain unchanged. The minister was the EU commissioner during the previous EU term. In PM Orbán’s government formed in 2010, he was deputy prime minister and minister of justice. In addition, he was also responsible for public administration.
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4 Comments
Our Politicians will show those Central Bankers how it is done!
Oh. Wait. The Governor of the Hungarian National Bank is appointed by the President of Hungary at the proposal of the Prime Minister? So, our Politicians are already implicated? No accountability or ownership, as per usual.
And, as per usual, Mr. Orbán sees that next year could be the year of renewed economic growth. The Land of Unicorns is just around the corner. Just stick with us! Oh, and if it does not materialize – well. We will find someone to blame. Couldn’t possibly be the Politicians, right? https://www.youtube.com/watch?v=Yop62wQH498
Let’s see where we end up with another Politician promise, single digit inflation by year-end. Aiming at 13 percent for September:
https://tradingeconomics.com/hungary/inflation-cpi
Sanctions inevitably will be sooner than later, placed on Hungary, rightfully or wrongfully, by the Government of the United States of America.
The Biden administration, the MASS variation of conduct, interpretation in the practice of DEMOCRACY, was and has been a relationship STREESED.
The gap between friendship and of aligning – growing together, continues to ERODE, that presents in this time, a humongous divide, in the United States of America and Hungary – muchly centered on the word DEMOCRACY.
We have the Russian War on the Ukraine, commenced by the “Friend” of the present Prime Minister of Hungary – Victor Orban.
The Orban Governments position on NATO – another SNAG worsening the relationship of the United States of America.
Orbans – actions, position and WORDS – directed at the European Union, the “Creed” of membership, that being a member country, in its conduct must be as a DEMOCRACY.
Orbans – support / friendship, with the “infamous” 45th President of the United States of America – Donald J. Trump – continues to “Dagger” him.
Sanctions sooner than later will HAPPEN.
THEY will add to the un-controllable decline the Black Hole – Economically & Financially, we as a country Hungary factually find ourselves.
It worsens – daily.
These SANCTIONS – come back to rest HEAVILY on the shoulders, who bears the FULL weight of the erosion of the Hungary / United States of America relationship – the perpetrator – the IMPLETMENTOR for the DISOLVED – relationship.
As an American my view from everything I read and hear and see is Hubgary will somehow be removed from NATO because it is acting against the alliance and it would be an unreliable partner. If Russia attacked a NATO country Hungary would not help. I feel Hungary should be allowed to self determination as all countries should, just with out our military backing.
Why are people so stupid in these english speaking comment sections?
I hope and pray that the non-english hungarian news-sites have a more intelligent comment section.
These comments are just embarrassing 👆
NATO is a private-interest Mafia-Bully-Tool.
The EU is EUSSR2.0, nothing else.
The WHO, UN etc. Is also just globalist tools for shaping public opinion.
Don’t be so gullable, it’s embarrassing.