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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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November 20 20:00 UTC Released

BRCAGED Net Payroll Jobs*

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77 k

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77 k

November 20 13:00 UTC Released

RURetail Sales YY

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3.0 %

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3.9 %

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3.1 %

November 21 13:55 UTC 461461m

USRedbook MM

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-1.2 %

November 21 13:55 UTC 461461m

USRedbook YY

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2.3 %

November 22 12:00 UTC 17861786m

USMBA Mortgage Applications

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3.1 %

November 22 12:00 UTC 17861786m

USMortgage Market Index

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401.7 Bln EUR

November 22 13:30 UTC 18761876m

USJobless Claims 4-Wk Avg

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237.75 k

November 22 13:30 UTC 18761876m

USInitial Jobless Claims

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240 k

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249 k

November 22 13:30 UTC 18761876m

USContinued Jobless Claims

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1.882 Mln

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1.860 Mln

November 22 14:30 UTC 19361936m

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-3.412 Bln USD

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