Central Europe Activ

Archives for crisis

I believe that current euro-crisis sparked by Greece, and partly accelerated by the electioneering in tiny Slovakia shows that in fact we have a European shadow government, and it would need a great amount of sunbeam to become transparent. I think that on the 2010 Europe day it should be clearer than ever that we need a federal government in Europe. But we should not stay in a state of denial forever: the EU has been created, it has its own life, and it needs a permanent government instead of jetting together national politicians every other day. I still believe that a house divided again itself cannot stand.

Posted by Dániel Antal

Overall, Central and Eastern Europe is very strongly hit in the current economic crisis that had divided the European Union as well. In some countries, which are in a nation-building state, candidates have expressed unfaltering support for nationalistic parties. In the more established countries, such as the Czech Republic or Hungary, the political elite is divided among ideological, not ethnic or nationalistic lines, and the political elite is in a deep crisis.

Posted by Dániel Antal

The EU has run into the current world economic crisis with rigid political institutions and lack of a clear decision-making capability, it has a diminishing competitiveness on in the world economy and it had the lowest growth rate among the great regions of the World in this decade. The manifest Western-Eastern division will suck up a lot of political, diplomatic and economic effort in the worst economic condition.

Posted by Dániel Antal

Today’s summit was a sign of the lacking leadership and vision in the EU. When the crisis will be over, Merkel and Sarkozy will be the leaders of the past, and the EU will look fundamentally different from today. The rift between the East and the West has become manifest. The Eastern member states have de facto formed a group within the Union and none of their demands were met by the majority.

Posted by Dániel Antal

The financial and money markets have closed with a huge plus today after news came out that the IMF has reached a broad agreement with the Hungarian government. The scheme will involve the EU and possibly some EU member states, too. “A substantial financing package in support of these strong policies will be announced when… » read more

Posted by Dániel Antal

Not waiting until the banks will plea for government bailout, the cornered government turned the tables in a preemptive threat to the banks: give your money before we start to legislate against you. Hungary has not had a mortgage crisis yet, but the country’s public finances are a mess. Since the accession to the European… » read more

Posted by Dániel Antal