Press

EUR-HUF exchange rate on 3 and 6 months and one year bases.

Source: MNB, Central Bank of Hungary

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An article by Charles A. Kupchan

Europe is hardly headed back to war; its nations have lost their taste for armed rivalries. Instead, less dramatically but no less definitively, European politics will become less European and more national, until the E.U. becomes a union in name only. This may seem no great loss to some, but in a world that sorely needs the E.U.'s aggregate will, wealth and muscle, a fragmented and introverted Europe would constitute a historical setback.

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The "Bush tax cuts," passed in 2001 and 2003, remain the single largest cause of America's structural deficit -- that is, the deficit not caused by the collapse in tax revenue when the economy goes into recession.

Those cuts are set to expire this year.

I understand the fear that this is not a good time to raise taxes. But the impact of marginal shifts in tax rates on growth is pretty unclear. Tovább»​​​​​​​

Ahead of Hungary?s municipal elections scheduled for October 3, the center-right government?s communication seems once again aimed at scoring points with the local public even at the expense of losing them in international relations.

The Wall Street Journal, 9 August, 2010 Tovább»​​​​​​​