For almost 15 years, Hungarian Prime Minister Viktor Orban has been a fixture of EU politics, while leading a populist onslaught against liberalism at home. But even as Orban attracts fawning admiration from other anti-liberal populists in Europe and the United States, cracks are beginning to show in his own power base in Hungary.
Europe
While large economies like Germany, France and the U.K. have been mired in stagnant growth and even recession over the past few years, Portugal, Italy, Greece and Spain have managed to flip the EU’s economic script. But questions remain as to whether the region’s economic momentum can be maintained going forward.
“America always does the right thing, after exhausting all other possibilities.” Those words, attributed to Winston Churchill, perfectly capture what finally transpired late last week, when the U.S. Congress finally passed a series of supplemental defense spending bills earmarking military aid for Ukraine, Israel and Taiwan.