Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

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”.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

September 20 11:00 UTC Released

USMBA 30-Yr Mortgage Rate

Actual

4.04 %

Forecast

Previous

4.03 %

September 20 11:00 UTC Released

USMortgage Refinance Index

Actual

1497.8 %

Forecast

Previous

1636.8 %

September 20 14:00 UTC 6161m

USExisting Home Sales

Actual

Forecast

5.46 Mln

Previous

5.44 Mln

September 20 14:00 UTC 6161m

USExist. Home Sales % Chg

Actual

Forecast

0.3 %

Previous

-1.3 %

September 20 14:30 UTC 9191m

TRCentral Govt Debt Stock*

Actual

Forecast

Previous

817.1 Bln TRY

September 20 15:30 UTC 151151m

BRForeign Exchange Flows*

Actual

Forecast

Previous

-1.251 Bln USD

September 21 08:30 UTC 11711171m

GBPSNB, MM GBP

Actual

Forecast

Previous

-0.76 Bln GBP

September 21 08:30 UTC 11711171m

GBPSNCR, MM GBP

Actual

Forecast

Previous

-3.912 Bln GBP

September 21 08:30 UTC 11711171m

GBPSNB Ex Banks GBP

Actual

Forecast

7.100 Bln GBP

Previous

-0.184 Bln GBP

September 21 12:00 UTC 13811381m

BRIPCA-15 Mid-Month CPI

Actual

Forecast

0.15 %

Previous

0.35 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.