When the fighting stops, the region will serve as a gateway to the trillions of euros in trade and investment that will flow towards reconstructing Ukraine.
The victory of a government-aligned candidate in next year’s presidential election would remove a major obstacle to the governments institutional reform and elite replacement project.
In Europe’s capital cities and among its elites a great but undeclared battle is being fought for the future of the European Union. One side is heavily outgunned. The other side is dominant. But the race is on.
Immigration can affect inflation and, in turn, monetary policy in two opposing ways. And the jury’s still out as to its overall impact on the eurozone.
Hungarian Prime Minister Viktor Orban may soon find that he has a steady ally in Vienna that is willing to join his Central European axis.