Viktor Orbán’s Hungary Takes Out Billion Dollar Chinese Loan
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This week, the Hungarian government under Prime Minister Viktor Orbán confirmed it has secured a billion-euro ($1.09 billion) loan from Chinese banks, which Budapest must repay in three years.
The loan, finalized in April, came ahead of Chinese leader Xi Jinping’s visit to Hungary, where he and Orbán signed over a dozen bilateral agreements.
Following Hungary’s assumption of the EU Council presidency, Orbán and Xi met again in July during Orbán’s efforts to address the Russian invasion of Ukraine.
This loan is reportedly the largest in modern Hungarian history and is causing concern among observers familiar with China’s exploitative lending practices through the Belt and Road Initiative (BRI).
While this loan does not appear to be part of the BRI, it is intended for infrastructure projects and involves the China Development Bank, the Export-Import Bank of China, and the Bank of China’s Hungarian branch, all at a variable interest rate, Breitbart News has reported.
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Kamala Harris’s presidential campaign is gaining momentum as expectations rise that the US Federal Reserve will start cutting interest rates by September.
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This week, the Hungarian government under Prime Minister Viktor Orbán confirmed it has secured a billion-euro ($1.09 billion) loan from Chinese banks, which Budapest must repay in three years.
The loan, finalized in April, came ahead of Chinese leader Xi Jinping’s visit to Hungary, where he and Orbán signed over a dozen bilateral agreements.
Following Hungary’s assumption of the EU Council presidency, Orbán and Xi met again in July during Orbán’s efforts to address the Russian invasion of Ukraine.
This loan is reportedly the largest in modern Hungarian history and is causing concern among observers familiar with China’s exploitative lending practices through the Belt and Road Initiative (BRI).
While this loan does not appear to be part of the BRI, it is intended for infrastructure projects and involves the China Development Bank, the Export-Import Bank of China, and the Bank of China’s Hungarian branch, all at a variable interest rate, Breitbart News has reported.
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Dave Rubin of “The Rubin Report” shares a DM clip of “60 Minutes” Lesley Stahl getting frustrated with Nancy Pelosi as she continues to lie to cover up how Biden was pushed out by Democratic elites like herself and even dared suggest that Joe Biden should be on Mount Rushmore.
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According to Kuwaiti newspaper Al-Jarida, Iran has provided Hezbollah and other proxies with electromagnetic ordnance capable of disabling communication systems and shutting down radars.
Rotem Mey-Tal, CEO of Asgard Systems, likened this technology to an extreme power outage that affects all electrical and electronic systems, including critical medical equipment.
Mey-Tal speculated that the technology might be used in low-flying UAVs, similar to recent attacks by Iranian-backed forces, but noted that there is no historical precedent or detailed documentation for such weapons, the Jerusalem Post has reported.
read more: https://www.jpost.com/middle-east/article-812168
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Just 12 hours after Donald Trump survived an assassination attempt, Tom MacDonald released a song about the attempt and the temperature in the country called "You Missed." Michael Knowles weighs in.
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Sean P. Grayson, a former Illinois sheriff’s deputy charged with fatally shooting Sonya Massey, had a disciplinary record with accusations of bullying and abuse of power, CBS News reports.
Girard Police Chief Wayman Meredith described Grayson as a “bully” in an incident where Grayson pressured him to call child protective services.
Superior officers expressed concerns about Grayson’s integrity and behavior in audio recordings, citing misconduct and deception.
Despite a troubled record, Grayson was hired by the Sangamon County Sheriff’s Office, where he was involved in Massey’s fatal shooting.
Bodycam footage shows Grayson angrily confronting Massey, leading to her being shot after she complied with his commands, CBS News has reported.
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Ben discusses how everything is about to change. The good guys are winning. The [CB] fiat currency is dead, the world is shifting and Trump is leading the way. He announced that the Bitcoin will be used in the new economy. Optics are important, the [CB] is bringing down their old system and the patriots are prepared to shift the system away from them. The new world is going to be incredible and the people are going to see something that they have never seen before.
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Dave Rubin of “The Rubin Report” shares a DM clip of Megyn Kelly’s appearance on “Piers Morgan Uncensored” where she shocked Piers with some harsh words for Jill Biden.
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Democrats refuse to face this reality- McCarthy