Tuesday

6th Dec 2022

Ticker

Hungary raises interest rate by 2 percent

Hungary's central bank raised one of its main interest rates by 200 basis points to 9.75 per cent on Thursday. The move follows a 5 per cent fall in the currency against the euro over the past week. Budapest has been at odds with the EU Commission over its rule of law record and Brussels has held back pandemic loans worth more than €15bn.

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Exclusive

Borrell gets pension from MEP fund set for taxpayer bailout

Josep Borrell, the EU's foreign policy chief, is currently drawing a pension from a European Parliament fund that is some €400m in debt and may require a taxpayer bailout at a time of rising inflation and high energy costs.

Column

Autocrats make us all less secure

How should democratic states co-operate with authoritarian governments in the future? My organisation, Democracy Reporting International, has studied the security strategies of 13 democratic governments to understand how they see this relationship.

Opinion

Big Agri's lies: green EU farming not to blame for food insecurity

The agribusiness narrative is a masquerade. A smokescreen to water down environmentally-friendly reforms and maintain industrial agriculture. A smokescreen to which a majority of European policy-makers, including member states, are dangerously buying into.

EU countries struggle to crack Hungary's vetos

Hungary will be in the spotlight on Tuesday as EU governments struggle over suspending EU funds to prime minister Viktor Orbán's government — despite rule of law concerns — and unlock key EU policies which Budapest has been blocking.

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Latest News

  1. EU delays Hungary funds decision, as Budapest vetoes Ukraine aid
  2. Borrell gets pension from MEP fund set for taxpayer bailout
  3. Autocrats make us all less secure
  4. Big Agri's lies: green EU farming not to blame for food insecurity
  5. German top court declares €800bn EU recovery fund 'legal'
  6. EU countries struggle to crack Hungary's vetos
  7. Frontex expanding migrant route-busting mission in Balkans
  8. EU ministers in fresh battle on joint debt, after Biden subsidies

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