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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