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Minister: government’s strategy of opening up to the East a “success story”
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All central banks must promote and support changes aimed at making the economy “green and digital”, National Bank of Hungary governor György Matolcsy said on Thursday, opening a conference held online under the auspices of the Eurasia Forum.
The conference, attended by participants from South Korea, China, Singapore, the UK, Norway and Poland focuses on ways central banks can support those changes, Matolcsy said, adding that a mix of Asian and Western models was needed because “there is no single solution”. Societies and economies turning digital, carbon-dioxide-free and more open is “a challenge and an opportunity at the same time”, he said. The opportunities can be harnessed by expanding partnerships “across Eurasia and beyond”, he added.
Balanced and sustainable economic growth requires
Balanced and sustainable economic growth requires
“a new kind of balance”
in the public finances, which required the coordination and integration of new technologies, he said, adding that welfare structures also required a stable and sustainable equilibrium.
Foreign Minister Péter Szijjártó noted the
Foreign Minister Péter Szijjártó noted the
“fundamental change” in ties between East and West caused by the coronavirus pandemic.
The health systems of strong and rich countries were severely strained, global trade suffered a 5 percent recession, global investments plummeted by 42 percent, and over 110 million people lost their jobs, he said. By now, however, the “East” has seen rapid development and has closed the gap with Western countries in terms of digital development, he said.
Minister: government’s strategy of opening up to the East a “success story”
I don’t really like it but I don’t see what else could the Hungarian government do while under constant attacks from the far-left, globalist, EU trying to subject Hungary to Soros’ dictates of unlimited migration and free excess by perverts to Hungarian children. Hungary may be forced to HUNGXIT and must have new partners. I abhor communist China and the rest of these bad actors but they don’t interfere with our migration and family policies.