Economy

If the international community is to have a chance of addressing twenty-first-century challenges effectively and equitably, the global economic and financial architecture that was created eight decades ago must be radically reformed. Eight priorities stand out.

On June 23, Chancellor Scholz received Argentinian President Javier Milei. Not only do Milei’s reform plans accept the dismantling of democracy and the rule of law, they will also deindustrialise Argentina. This does not correspond to Germany's interests.

Hungarian foreign policy has been standing on two pillars in the past decade: building multilateral ties with great economic powers in order to boost trade, foreign investment, and development, and in the meantime maintaining traditional commitments to EU and NATO allies in the security and defence realm. However, with the tensions between Russia and Ukraine escalating to a war, Hungary has had to change its long-established attitudes overnight. In such a situation, any pro-Russian stance and balancing became practically impossible.

A fluctuating economy, high unemployment, enormous violence against women and girls – what was already a difficult situation in Mexico has been made far worse by the coronavirus pandemic. Dawid Danilo Bartelt, Head of the Mexico City Office, describes the country’s approach to tackling coronavirus.