Hungary’s Fiscal Decentralization: A Looming Crisis for Local Governance? Budapest is facing a potential fiscal earthquake. A recent clash between economist Márton Nagy and the II. district’s mayor, alongside reports of over 4 billion forints being withdrawn from the district’s budget next year, signals a deepening conflict over Hungary’s system of solidarity contributions – and … Read more
Hungary’s EU Funding Crisis: A Harbinger of Balkanization and the Future of Conditional Aid Over €1.5 billion in European Union funds are now at risk of being lost by Hungary, a consequence of persistent concerns over rule of law and a lack of timely responses from the Hungarian government. This isn’t simply a budgetary issue … Read more
The EU-Mercosur Deal: A Fragile Accord Facing a Rising Tide of Protectionism Just 1.7% of global trade is currently subject to restrictions targeting national security, a figure that’s poised to triple by 2028, according to the Global Trade Alert. This surge in protectionist sentiment casts a long shadow over the recently agreed-upon EU-Mercosur trade deal, … Read more