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A new populism is sweeping through the world. An investment bank is blamed for unnecesarily. Goldman Sachs is made a culprit of the Greek debt problem. Congressional hearings are held and European regulators are fulminating against the speculators. That is bullshit. Goldman Sachs helped to restructure the Greek debt. It was an open transaction. The… » read more

Posted by Péter Kóczián

New European Order

The Greek farce rewrote the dynamics of the European Union. The traditional line between foreign policy and domestic policy is blurred among the members of the European Monetary Union and so will stay for the foreseeable future. Which is, in another respect, a new phase in the ongoing EU process, namely the ever closer union.… » read more

Posted by Péter Kóczián

Financial Times is worried about the next election’s fallout as the Fidesz is the likely winner of the next election. They need to focus on Europe, not just on Hungary. In the first phase of the current crisis, weak Eastern European countries had to face the blame their developed Western fellow countries put on them… » read more

Posted by Péter Kóczián