The European Central Bank (ECB) has increased its base interest rates ten times before announcing a pause. During the October meeting, the Governing Council of this financial institution, which met in Athens, decided to halt the record-fast cycle of interest rate hikes. For many borrowers, the most pressing question is, “When will the reduction begin?” However, it is also worth considering the question of quantitative tightening.
Thanksgiving, celebrated these days in the United States, is often considered abroad as a turkey dinner feast. Americans travel thousands of miles – so that several generations of a family can gather around one table. Gratitude is expressed for the harvest, which in the modern world can mean economic welfare, health, fruitful relations with family and friends, and all the benefits of the year’s toil.
It is difficult to do business with a country whose politicians are detached from reality and do not understand today’s world because they are afraid of it, says Arkadiusz Mus, founder of Press Glass, No. 9 on Forbes magazine’s list of 100 richest Poles and owner of assets worth more than PLN 4.5 billion, about Poland under the rule of Law and Justice (PiS).
With many countries in Central Europe in the election season and with the ongoing violence in Israel and Gaza, the war in Ukraine has somewhat disappeared from the front pages. Indeed, several leading political forces in Central Europe have become less outspoken about their support for Ukraine or have indicated an intention to scale it down, hoping to regain support from populist factions.
The Israeli-Palestinian war has stirred emotions well beyond the Levant. However, we should approach the censorship of public speech with a cooler head. The British Home Secretary has warned that waving the Palestinian flag might be deemed a criminal act. France has banned pro-Palestinian protests, and so has Germany. The Chief Minister of an Indian state directed the police to address pro-Palestinian statements on social media.
In this episode, we talk about the Group of Twelve report, the future of EU enlargement, and the necessary reforms at the European level.
In this episode, we talk about being a filmmaker to President Obama and what President Joe Biden should do next, but also touch upon elections in Argentina, the result of the recent election in Poland and lessons from voter mobilization.
In the first half of 2023, almost weekly protests were held over the education system in Budapest, Hungary. In some cases they were organized by teachers’ unions, in others they were planned by students. Based on the study done by the Republikon Institute, 62% of the Hungarian population rate the education system as “bad” (Republikon, 2023).
Europe has been built on the liberal values of democracy, rule of law, liberty, tolerance, and free markets. Yet it seems Europeans are forgetting what these values mean. “Know thyself” is a famous ancient Greek maxim, which Europeans do not seem to take to heart. A series of aggressive actions from Russia over the past decade were not enough for the EU to properly distance itself from Russian energy, until it invaded Ukraine.
The railway line between Budapest and the West-Hungarian town of Győr is being renovated to breathe new life into the struggling public railway system. Győr, incidentally my hometown, features two university buildings connected by a skybridge shaped like a railway car. As of recently, these few meters are the only reliable means of long-distance transportation that railcars can carry passengers in the country.
