Brussels: Hungary is no longer a full democracy

[Teutone]

Is it based on that? Somehow after studying economics for 4 years at uni I have a feeling that the Hungarian economy is based on German (EU) companies coming here for cheap labor and random EU money.
Maybe its cheap Russian rescources, no idea

If you are an economist, do you follow recent events that indicate a change of the economic order you think is set in stone?

-The increasing attemps to get OPEC members get rid of the Petrodolar, with more and more indicators that they will succeed as the trade volume of OPEC members to China,India and other bloc free nations in increasing.

- Excluding Russia from swift increasing the total use of Chinese CIPS system which will have thr highest numbers of participants and money transfered in its history this year.

- Western countries lack of manufacturing sector that has been largely outsourced to countries that are going to be hostile.

- The lack of natural resources and decline in quality and quantity of human resources and innovations in entire Europe.

-Russia was debt FREE before the invasion, the debt of the USA even compared to its assets, purchasing power and GDP cannot be repaid.

-Germany will go economic oblivion this winter based on so many factors im tired to write down anymore.

There is a world economy cycle, the current western order seems to go down, caused by the western own failures.
Try to keep good relationships with all economic and geopolitical powers in these times of potential fundamental change is the smartest thing you can do.

[Jana]

And what do you think how do these german companies work in Hungary? With cheap russian resources. The price of energy is included into everything. If we would buy the american import resources for five times higher price then what do you think how do your life would work if the cost of food, overhead costs, petrol etc would be 4-5 times higher? Do you think these german companies would stay in Hungary? Do you think your salary would be enough at the end of the month if you would buy everything for 4-5x higher prices?

It's not 5 times higher. It costs more but not that much and you can import from midle east. Croatia is pretty covered for eg as we have own floating LNG terminal for sea transport of gas and partly own resources.
Eurasian Union is a shithole and only Russian partner that is actually economically valuable (Kazakhstan) is going it's own way.

Countries like Armenia are example of prosperity this Union brings.

[Jana]

Hungary needs in all honesty to leave the EU and stand on it's own 2 feet, being part of the EU is basically being forced by the suits in Brussels to take in as many migrants as they dictate, it is why i voted OUT and am so grateful to Nigel for standing up to the bigwigs in Brussels.

Hungary didn't take migrants but you can buy Hungarian citizenship via investment easily and Budapest is very multi cultural city with people living there from all over the world.
Plus their huge Jewish and Roma population (Budapest has one of biggest Jewish communities in the world outside of Israel and Soros is not by accident from that city)

Hungary isn't some white paradise at all. To me coming from smaller and more homogenous country it seemed very diverse and dynamic society.

They also have biggest Chinese diaspora in central/east Europe.

[SilverKnight]

If Hungary is no longer a democracy then my left is a magical dancing piglet.

[Jana]

What you liberals of TA do not get, NOONE will receive any support from the EU if Germany is hitting the level of recession every legit expert is expecting to happen, further more Germany is the 4th biggest economy on this planet, if it doesnt drag down the entire globe to a economic crisis it for sure will ultimately destroy the Eurozone, EU funds and the economy of Europe.

This war will fuck Germany the most outside of warring parties. But that is also partly responsibility of Germany who intentionally made itself overly dependent on Russia.
It does make sense as it is a natural symbiosis beneficial to both parties but it is never smart to put all of your cards on one horse.

Nobody prohibitied Germany to diversify it's energy network, and now it will be forced to do so.

[Teutone]

This war will fuck Germany the most outside of warring parties. But that is also partly responsibility of Germany who intentionally made itself overly dependent on Russia.
It does make sense as it is a natural symbiosis beneficial to both parties but it is never smart to put all of your cards on one horse.

Nobody prohibitied Germany to diversify it's energy network, and now it will be forced to do so.

Doesnt change or contradict anything I said, the why it happend doesnt matter anymore when it comes to deal with the outcome of Germany going to the greatest recession since Weimar, and you will be dragged down too by it.

[Florin Radu]

All cheap talk because Hungary will never say no to EU money, it would be economic suicide.

[Jana]

Doesnt change or contradict anything I said, the why it happend doesnt matter anymore when it comes to deal with the outcome of Germany going to the greatest recession since Weimar, and you will be dragged down too by it.

Russia and USA as well. Only China can profit long term. I see nobody else.

[Teutone]

Russia and USA as well. Only China can profit long term. I see nobody else.

Russia is making profit, Russias exports are around 90% based on natural resources and has already more or less compensate the loss of west with the emerging powers of Asia, especially India.

The western role and importance is in a steady, constant and unstoppable decline and Putin is not dumb and was aware of it.

Again, Russia had the lowest national debt on this planet and all the predictions of the sanctions making Russia face supply shortages or make Gazprom go bancrupt have shown to be factually wrong.

[Varda]

It's ridiculously. You praise dictators like Lukašenko and Putin, but regret that "democracy has no place in the totalitarian EU". Alliance with Serbia, Belarus and Russia would be very fruitful for Hungary, as well as it's for Armenia. You can see that Russia and Belarus have already declared war on Azerbaijan to protect and support their CSTO ally. Economic, cultural, political and infrastructural benefits of this alliance for Hungary would be also unqestionable.

https://rs.n1info.com/english/news/v...-condemnation/

https://hungarytoday.hu/serbian-orth...-viktor-orban/