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Europe
Hungary
20 October 2025 The euro is a ‘decaying currency’, Orbán is smart to stay out. Indeed, the euro has been a catastrophe for weaker, more exposed economies; in the case of Hungary, it would take away all the tools of independent, central bank-led economic recovery, increase asymmetries, and leave the nation at the mercy of policy decisions made in Frankfurt and Brussels with little to no regard for the specific context and needs of smaller member-states. Yet Germany’s fiscal needs are not and will never be Portugal’s, Spain’s or, indeed, Hungary’s. The euro is a one-size-fits-all left-over of the hegemonically globalist mindset of the 1990s. To the majority of its members, the single currency has served as an economic straitjacket, limiting growth and obliterating national competitiveness. When small economies join monetary unions dominated by powers of greater stature, they surrender control over managing shocks independently. For those unwise enough to join the euro, the currency has meant becoming a hostage to the bigger economies around them. Empirical evidence increasingly confirms that the euro has been good for Germany, gaining about €1.9 trillion between 1999 and 2017, but bad for almost everyone else. That’s about €23,000 per German citizen. For France, the euro has caused a €3.6 trillion fall in prosperity (or €56,000 per Frenchman); Italy losing €4.3 trillion, or as much as €74,000 per capita; Portugal, a country of a scale similar to Hungary (both nations have similarly sized economies and populations), has seen its wealth shrink at a rate of €40,604 per capita. Hungarians should understand that, in monetary policy as in everything else, no one will ever care as much about your interests as yourself. For the sake of liberty as well as prosperity, the forint should remain Hungary’s currency. (Source: Brussels Signal - Belgium)
(Friday), 17.10.25 The US President said on Thursday he may meet his Russian counterpart in Budapest within two weeks. It was there that, in 1994, the United States, Britain and Russia signed the Budapest Memorandum, providing Ukraine with security assurances in exchange for Kyiv giving up its nuclear weapons. The signatories of that memorandum pledged to respect Ukraine's territorial integrity. Putin is wanted under an arrest warrant from the International Criminal Court 'on charges of illegally deporting children' from Ukraine, but few observers expect this to be a problem for him in Budapest. Hungarian Prime Minister Viktor Orbán announced in April during a visit by Israeli leader Benjamin Netanyahu, who has an ICC warrant for his arrest on charges of war crimes in Gaza, that Hungary would withdraw from the court. Hungarian Foreign Minister Szijjártó said today that Hungary will ensure Putin can enter the country for the summit and return home afterwards. Putin will be holding talks on the Ukraine war in an EU country without EU leaders attending. The meeting would exclude Zelenskiy for a second time after the Trump-Putin summit in Alaska. Ukraine's relationship with Hungary has grown increasingly tense. Zelenskiy said Hungarian drones had crossed into Ukraine last month, prompting Orbán to retort that Ukraine was not a sovereign state. Orbán is one of the most high-profile international backers of Trump's MAGA movement, lauded by MAGA devotees for his uncompromising approach to immigration and LGBTQ+ rights, and focus on conservative Christian values. Trump said on Tuesday that Orbán was "fantastic" and "a great leader", despite his failure to heed U.S. calls to stop buying Russian oil. If there is an agreement, that will legitimise his narrative about peace retrospectively. (Source: The Telegraph - India / Reuters - United Kingdom)
Friday, October 17, 2025 Hungary’s Prime Minister Viktor Orbán spoke with Trump yesterday and talked to Putin today, saying preparations “are going full steam ahead”. Orbán, speaking earlier on state radio, said the meeting “will be about peace” and if there is a peace deal, that would lead to a new phase of economic development in Hungary and Europe. Europe should open its own diplomatic channels towards Russia. He again accused the EU of taking what he called a 'pro-war stance' over Ukraine. Hungary will ensure that Russian President Putin can enter the country for a summit with U.S. President Trump planned in Budapest and return home afterwards, Hungary’s Foreign Minister Peter Szijjártó said today. “There is no need for any kind of consultation with anyone, we are a sovereign country here. We will receive (Putin) with respect, host him, and provide the conditions for him to negotiate with the American president.” (Source: DD News - India / Reuters - United Kingdom)
October 16, 2025 Hungarian Prime Minister Viktor Orbán celebrated the announcement that Trump and Putin will meet in Budapest to discuss ending the war in Ukraine. “The planned meeting between the American and Russian presidents is great news for the peace-loving people of the world,” Orbán said in a post on X on today. “We are ready!” “Preparations for the USA-Russia peace summit are underway,” Orbán wrote in a subsequent post. Putin is in favor of a meeting, Russian presidential aide Ushakov said, according to state-controlled news agency Interfax. “President Trump was the first to mention Budapest, and our president immediately supported the idea of holding a possible summit in this European capital,” Ushakov said. Trump’s post on TruthSocial conveyed warmth toward Putin, who, the president said, had congratulated him for achieving a preliminary ceasefire in Gaza and thanked First Lady Melania “for her involvement with children.” The post made no mention of any additional repercussions toward Russia. The call with Putin came ahead of Trump’s scheduled White House meeting tomorrow with Zelenskyy, who has said he hopes to convince Washington to provide Tomahawk missiles and other weapons systems that would enable Ukraine to attack deeper into Russia’. (Source: Politico - U.S.)
France
(Monday) October 20, 2025 1:13 AM GMT+2 Earlier this year, officials at the Louvre requested urgent help from the French government to restore and renovate the museum's ageing exhibition halls and better protect its countless works of art. Thieves in balaclavas broke into Paris' Louvre museum on Sunday, using a crane, mounted on the back of a small truck, to smash an upstairs window, then stealing objects from an area that houses the French crown jewels before escaping on motorbikes. The thieves struck at about 9.30 a.m. (0730 GMT) when the museum had already opened its doors to the public, and entered the Galerie d'Apollon building. The robbery took between six to seven minutes and was carried out by four people who were unarmed. A total of nine objects were targeted by the criminals, and eight were actually stolen. The thieves lost the ninth one, the crown of Napoleon III's wife, Empress Eugenie, during their escape. "It's worth several tens of millions of euros - just this crown. And it's not, in my opinion, the most important item," Drouot auction house President Giquello told. Paris Prosecutor Beccuau said on BFM TV it was a mystery why the thieves did not steal the Regent diamond, which is housed in the Galerie d'Apollon and is estimated to be worth more than $60 million by Sotheby's. She said foreign interference was not among the main hypotheses. (Source: Reuters - United Kingdom)
17/10/2025 'Zalmayev, Director of the Eurasia Democracy Initiative, calls the US decision to potentially provide Tomahawk missiles to Ukraine a welcome escalation'. (Source: France 24)
Germany
October 20, 2025 Germany plans to buy 15 more F-35 fighter jets estimated to cost €2.5 billion ($2.9 billion) amid defence buildup. The move could strain relations with France as Berlin doubles down on US aircraft over the delayed joint European jet project, the Franco-German Future Combat Air System (FCAS) project - Europe’s own next-generation fighter initiative. (Source: TRT World - Turkey)
Poland
20.10.2025 Polish premier Donald Tusk says no one should pressure Ukraine to give up territory to Russia in pursuit of a peace agreement. Tusk wrote on the US social media company X late today. Trump and Putin are expected to meet soon in Budapest to discuss prospects for ending the war. (Source: Anadolu Agency - Turkey)
Oct 17, 2025 The Warsaw District Court blocks extradition to Germany and frees Ukrainian Zhuravlov, 46, suspected in Nord Stream pipeline blasts, arrested near Warsaw Sept. 30 on a German warrant. Judge Lubowski said as he announced his ruling that the attack on the pipelines should be understood as a military action in a 'just war,' and therefore not subject to criminal responsibility on the part of an individual. He also questioned German jurisdiction, including the fact that the explosions occurred in international waters. Prime Minister Donald Tusk has said it would not be in Poland’s interest to hand over the suspect. Tusk said earlier this month that 'the problem of Europe, the problem of Ukraine, the problem of Lithuania and Poland is not that Nord Stream 2 was blown up, but that it was built.' He noted in a post on X today that 'the case is closed.' (Source: PBS - U.S.)
European Union
20/10/2025 As they gathered today for a meeting in Luxembourg, EU foreign ministers continue to grapple with the idea of a potential summit between US President Trump and Russian President Putin in Budapest. Monday's gathering of foreign affairs ministers comes just a few days after Trump spoke with Putin by phone and hosted Zelenskyy at the White House. Washington's ever-shifting diplomacy has once again stoked fears that Europe's security architecture risks being decided 'without Europeans' in the room. However, unlike the Alaska meeting in August, this time there will be 'at least one' European leader present: Viktor Orbán. At the end of the day, nobody can decide over the head of Europe what is in the decision-making power of Europe, Finland's Valtonen said. Denmark's Rasmussen 'tried to assuage anxiety', saying Budapest will serve just as a venue for the meeting, without agenda-setting powers. 'Brussels is working on an initiative to use the cash balances of Russia's frozen assets to issue a €140 billion loan to Ukraine' to cover financial and military needs in the long term. In parallel, the 19th package of sanctions against the Kremlin is almost ready to go, with Slovakia as the last holdout over unrelated matters. 'We stand with Ukraine and we support the American president's proposal of a ceasefire at the contact line. Nothing more than that', Rasmussen told reporters. 'And if the (Budapest summit) is about that, it's absolutely okay.' It's not nice to see that a person with an arrest warrant (issued) by the ICC is coming to a European country, admitted High Representative Kallas. (Source: Euronews - based in Lyon, France / Reuters - United Kingdom)
Russia
20.10.2025 Capabilities refer to the territory, population, natural resources, and technology employed by states as “like-units” in their quest for survival. The states that concentrate the most capabilities are the “poles”, referred to here as polar states. The distribution of capabilities occurs in multipolar way, when three or more states concentrate capabilities. Realists assume that there would be a natural reaction to a single pole, giving rise to bipolarity or multipolarity. Therefore, unipolarity, if it exists, would be nothing more than a moment. Given the difference in capabilities between the polar state and its allies, its actions toward them are flexible, and the risk of an overreaction that would involve it in conflict with the other pole is low. In this structure, because there are only two main states, there is clarity about the adversary’s interests and the means at its disposal to achieve them, which reduces the risk of miscalculations. Therefore, bipolarity would be more stable. In multipolarity, because there are a greater number of polar states and a more balanced distribution of capabilities among them, the dominant strategy is external balancing. Given the number of poles, the possibility of diverse alliances is greater. Such flexibility, however, hides the rigidity of this strategy: as each state is more dependent on the others, the commitment to allies is greater. But the increase in the number of relevant units leads to the risk of miscalculation. That is why multipolar structures are more unstable. There are good reasons to fear that international politics has never gone through a phase with such great potential for disaster. How can we tame these emerging polarities? Previously misunderstood phenomena, such as the BRICS, begin to make sense and even become exemplary elements for understanding the new order. The BRICS are a grouping, among others, that emerged as a response to the duplicity of Western normative standards exposed over these 30 years of “rules-based order”. Perhaps such groups might play a relevant role in trying to tame the emerging polarities. (Source: Valdai Discussion Club - Russia)
by Mielniczuk
17.10.2025 Hungarian Prime Minister Viktor Orbán conveyed to Russian President Putin his readiness to provide proper conditions for a proposed Moscow-Washington summit in the capital Budapest, the Kremlin said today. A statement after a phone call between the two leaders said that Putin outlined the main content of his yesterday phone conversation with US President Trump. Putin said that during contacts with US officials, he conveyed plans to discuss an “algorithm for further actions” in the context of Ukraine peace talks, with a view to hold a summit between Russia and the US in the Hungarian capital. Yesterday, the Russian and US presidents held what Kremlin aide Ushakov described as a “very substantive, yet also extremely frank and confidential” phone conversation that lasted for nearly 2 1/2 hours. Ushakov said Putin and Trump discussed the possibility of holding another face-to-face meeting, and agreed that representatives from both sides will immediately begin preparing for a summit, with Budapest as a potential venue. The two leaders last met in the US state of Alaska on Aug. 15. Calling the phone conversation "very productive," Trump said that he and Putin could meet in Hungary within two weeks, after high-level delegations meet next week. “It could indeed take place within two weeks or a little later. There's a general understanding that there's no need to put anything off,” Kremlin spokesman Peskov told journalists in a briefing earlier today. (Source: Anadolu Agency - Turkey)
Friday, October 17, 2025 Trump and Putin agreed yesterday to hold a second summit on the war in Ukraine, provisionally in Budapest, following an August 15 meeting in Alaska. The surprise announcement came on the eve of a meeting between Trump and Zelenskiy. The Kremlin said today that a summit between presidents Putin and Trump could take place within two weeks, or a little later, there’s a general understanding that nothing should be put off, but that there was a great deal to be worked out before a date could be set. Kremlin spokesman Peskov told reporters that Russian Foreign Minister Lavrov and U.S. Secretary of State Rubio would need to call each other and set up a meeting to sort out many pre-summit issues. Peskov said Russia remained open to a settlement to end the war in Ukraine peacefully. The Kremlin said separately that Putin and Hungarian Prime Minister Viktor Orbán had spoken by phone today to discuss the upcoming summit and that Orbán had said Hungary was ready to host the event. (Source: DD News - India / Reuters - United Kingdom)
17.10.2025 Speaking at the plenary session of the 8th Russian Energy Week international forum in Moscow, Russian President Putin yesterday expressed Russia’s perspective on challenges facing the global and Russian fuel and energy sectors. Putin described it to be a natural and objective process in many ways amid the emergence of new centers of economic growth and an increase in energy consumption in those centers. At the same time, he accused the aggressive and assertive actions of ‘certain Western elites’ of artificially disrupting global energy system. Putin said many European countries have refused to purchase Russian energy supplies under political pressure, the repercussions of which, he argued, are evident within the EU, including through a decline in industrial output, rising prices due to more expensive imported oil and gas, and a reduction in the competitiveness of both European goods and the broader economy. The Russian president said energy supply chains are increasingly shifting toward the Global South, namely in the direction of countries in the Asia-Pacific, Africa and Latin America regions. Putin also said Moscow accounts for about 10% of global oil production, Russia maintains its position as a leading oil producer despite the mechanisms of unfair competition used against it. He said experts believe nuclear energy will become a key pillar of the future global energy balance, and that the world's nuclear power capacity will almost double by 2050. “Russia is the only country in the world with competencies across the entire chain of nuclear generation,” Putin said, noting that it is involved in the construction of nuclear power plants in Bangladesh, Egypt and Türkiye. „We intend to further develop our cooperation in the nuclear industry with Global South countries and within BRICS”, he said. (Source: Anadolu Agency - Turkey)
Ukraine
Saturday 18 October 2025 13:44 BST “I do remember one officer saying:’ Don’t worry. We’ll justify what we were doing’.’ ’Ukraine cannot win its war with Russia, and should negotiate peace terms with the Kremlin, Britain’s most senior army officer, Field Marshal Lord Richards tells. In his first long-form podcast interview, Lord Richards, the only British officer to have commanded massed US troops at war since 1945, said the outlook for Ukraine was not good. Lord Richards, who was promoted to the UK military’s most senior “five-star” rank earlier this year and led Nato forces during their troop surge in Afghanistan, said Ukraine’s allies have failed Kyiv. 'What we have done in the case of Ukraine is encourage Ukraine to fight, but not given them the means to win,” the former chief of the defence staff told. Reflecting on Ukraine’s chances of success against Russia, he said: “My view is that they would not win.” „They haven’t got the manpower,” the former commando said. “Unless we were to go in with them – which we won’t do because Ukraine is not an existential issue for us. It clearly is for the Russians, by the way,” he said. Ukraine has been given false hope by its Western allies and Kyiv will not be able to drive Putin’s soldiers out of Ukraine without the help of Nato forces – who won’t get involved on the ground. “We’ve decided because it’s not an existential issue, we will not go to war. We are, you can argue – and I absolutely accept it – in some sort of hybrid war with Russia. But that’s not the same as a shooting war in which our soldiers are dying in large numbers. Lord Richards, who led Britain’s interventions in Sierra Leone and East Timor as a brigadier and later argued against the UK’s part in the American-led invasion of Iraq, backed the former US General Milley, who suggested back in November 2022 that Ukraine should negotiate with Russia. 'Despite our attraction for all they’ve achieved and our genuine affections for so many Ukrainians, I’m just still in this school that says this is not in our vital national interests". “My instinct is that the best Ukraine can do, and you already see President Zelensky, who’s an inspirational leader … the best they can do is a sort of a score draw.” The field marshal’s intervention came after Zelensky flew to Washington DC to meet Trump to try to persuade him to give Ukraine Tomahawk cruise missiles. At a packed press conference, Trump appeared reluctant to give up American weapons. The US president stressed his own country’s needs to maintain stockpiles. (Source: The Independent - United Kingdom)
October 16, 2025 6:09 PM GMT+2 Ukraine's state grid operator, Ukrenergo, has introduced emergency power cuts in every region of the country following Russian attacks on the energy system. (Source: Reuters - United Kingdom)
North America
United States
Oct. 19 2025 At another explosive White House meeting between President Trump and Zelensky on Friday, Trump was pressuring his counterpart to accept Russia’s terms for a ceasefire, according to the Financial Times, reportedly telling Zelensky that Russia would destroy Ukraine if he didn’t agree. This time, Trump demanded that Zelensky surrender the entire Donbas region to Russian President Putin, sources said. Trump repeated many of Putin’s talking points verbatim during the meeting, telling Zelensky he was losing the war and that “If [Putin] wants it, he will destroy you.” (Source: The Daily Beast - U.S.)
Space
October 20, 2025 European aerospace groups Leonardo, Airbus and Thales have reached a framework deal on a proposed merger of their satellite businesses. The deal will combine loss-making satellite activities of Airbus with those of Thales Alenia Space and Telespazio - two ventures currently controlled by France's Thales and Italian aerospace group Leonardo. Paris-based consultancy Novaspace says more than 43,000 satellites will launch over the next decade, representing a $665 billion market in manufacturing and launch services. The key remaining hurdle, analysts say, will be getting past a competition review by the European Commission. (Source: Reuters - United Kingdom)
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