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European Unity in tatters as Brussels vote to take action against Hungary

The European Union leaders must be feeling pretty confident after a decisive victory by the pro-EU candidate Emmanuel Macron in the French election as they risked the unity within the European by taking steps against the Hungarian government and its defiant leader Viktor Orban. Mr. Orban outraged the EU officials by rejecting the European Union’s migrant quotas and vowing not to accept any refugees. Both Hungary and Poland have moved to court to block the European migrant quotas.

Outraged by Mr. Orban for years, the members of the European parliament (MEP) voted heavily in favor of taking up sanctions that might include reduction of voting rights. The vote was 339 in favor of taking sanctions, while 221 voted against it. The European bloc accuses the Hungary as being in serious and persistent breach of its core values and ethics.  After the votes Eurocrats accused Hungary of failure to “respect for human dignity, freedom, democracy, equality, the rule of law and respect for human rights”.

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May 26 14:30 UTC Released

USECRI Weekly Annualized*

Actual

5.1 %

Forecast

Previous

5.0 %

May 26 14:30 UTC Released

USECRI Weekly Index*

Actual

144.1 %

Forecast

Previous

144.5 %

May 28 15:00 UTC 26492649m

SAM3 Money Supply YY*

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Forecast

Previous

0.0 %

May 28 15:00 UTC 26492649m

SAPvt Sector Loans YY*

Actual

Forecast

Previous

-0.1 %

May 29 08:00 UTC 36693669m

EZLoans to Households*

Actual

Forecast

Previous

2.4 %

May 29 08:00 UTC 36693669m

EZLoans to Non-Fin

Actual

Forecast

Previous

2.3 %

May 29 08:00 UTC 36693669m

EZMoney-M3 Annual Grwth*

Actual

Forecast

5.2 %

Previous

5.3 %

May 29 23:30 UTC 45994599m

JPAll Household Spending MM*

Actual

Forecast

1.1 %

Previous

-2 %

May 29 23:30 UTC 45994599m

JPAll Household Spding YY*

Actual

Forecast

-0.7 %

Previous

-1.3 %

May 29 23:30 UTC 45994599m

JPJobs/Applicants Ratio

Actual

Forecast

1.46 %

Previous

1.45 %

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