{"id":6372,"date":"2024-02-27T09:45:11","date_gmt":"2024-02-27T09:45:11","guid":{"rendered":"https:\/\/hamiltoncourtfx.com\/?p=6371"},"modified":"2024-02-27T09:45:11","modified_gmt":"2024-02-27T09:45:11","slug":"hungarian-national-assembly-approves-swedens-nato-bid","status":"publish","type":"post","link":"https:\/\/hamiltoncourtfx.com\/it\/hungarian-national-assembly-approves-swedens-nato-bid\/","title":{"rendered":"Hungarian National Assembly Approves Sweden\u2019s Nato Bid"},"content":{"rendered":"
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Travel Tuesday: Sweden<\/strong><\/h4>\n

Sweden was the first country in Europe to create national parks, and today it boasts 29 national parks along with many nature reserves and wildlife sanctuaries.<\/h4>\n

Population (2023) <\/strong>10 million<\/h4>\n

GDP<\/strong> (2023) $146 billion<\/h4>\n

GDP Per Capita <\/strong>$56,400<\/h4>\n

Annual Economic Growth\u00a0 <\/strong>0.1%<\/h4>\n

National Animal:<\/strong> Moose<\/h4>\n

Coastline Length <\/strong>61,567 miles<\/h4>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n
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Hungarian National Assembly Approves Sweden\u2019s Nato Bid<\/strong><\/p>\n

Following almost two years of political back-and-forth, the Hungarian parliament yesterday supported a motion to allow Sweden to join Nato. Given that all other Nato member states have already supported Sweden\u2019s bid (with for example Turkey dropping their veto earlier last year), this represented the final obstacle for Sweden\u2019s accession to the alliance.<\/p>\n

In a historic vote, Hungary\u2019s National Assembly on the banks of the Danube (which passes through Austria, Slovakia, Hungary, Croatia, Serbia, Romania, Bulgaria and Moldova before meeting the Black Sea in Ukraine), passed it with 188 votes against six.<\/p>\n

Over the last few years, Hungary\u2019s Prime Minister Viktor Orb\u00e1n has fostered tempestuous relations with Stockholm and been critical of the Western strategy towards Ukraine, while maintaining relations with Putin. For example, last November Orb\u00e1n stated that EU’s strategy on Ukraine ‘has failed’ and that Hungarian tax receipts ought to support a failing strategy. This came only weeks after Orb\u00e1n met with Vladimir Putin, marking the first time any EU leader had met the Russian president since the ICC put an arrest warrant on him.<\/p>\n

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Last Friday, the Swedish prime minister Ulf Kristersson visited Budapest and announced that Stockholm would send Hungary four additional Gripen Jets and that Saab would establish an AI hub in the country.<\/p>\n

Sweden will now soon become the 32nd member state to join the alliance and marks a departure from some 200 years of pursuing a policy of neutrality.<\/p>\n

Sweden\u2019s forthcoming accession to Nato also comes as the alliance seeks to increase spending on defence. According to The Economist for Example, European Nato members will spend some $380bn on defence \u2013 with the alliance expecting that at least 20% of member states\u2019 budgets being put towards weapons. While this will mark an increase in spending as a whole, it is estimated that \u00a0EU Nato member states have racked up a shortfall in spending of $600bn since 1991.<\/p>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n

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Interest Grows on Trump\u2019s Legal Bill<\/h2>\n <\/div>\n
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With monetary conditions being at their tightest level in the US for 22 years, the daily interest being accrued against Donald Trump\u2019s legal bill $112,000. Earlier this month the former President was ordered to pay $454m after he was found to have mislead people on the value of his assets to gain stronger credit terms.<\/p>\n

According to New York\u2019s Attorney General, Letitia James, Trump will be ordered to relinquish some of his assets if he does not pay the fine, but his legal team are looking to appeal against the ruling. It is understood that such an appeals process could last over a year.<\/p>\n

All of this comes against a backdrop of numerous legal cases being brought against the former President and Republican front runner for the Presidential election held in November. Earlier this month, the US Court of Appeals rejected Donald Trump\u2019s legal case which sought to shield himself against prosecution for election subversion charges through presidential immunity.<\/p>\n

According to the BBC, Trump currently faces \u201cmore than 90 charges in multiple cases\u201d and hence the landmark decision makes the former President\u2019s legal situation even more precarious given that he has cited presidential immunity across a multitude of cases.<\/p>\n

On the theme of the Presidential Election, attention now turns to the Michigan Primary held today ahead of so called \u201cSuper Tuesday\u201d on 5\u00a0March which will see 16 states hold primaries and caucuses.<\/p>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n

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Today<\/h2>\n <\/div>\n
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Today will see another string of central bankers speaking as markets continue to make assessment on \u00a0the monetary pathways the major central banks. For example, at 13:00 this afternoon, the ECB’s Frank Elderson will be speaking, ahead of the BoE\u2019s David Ramsden at 13:40. Just 25 minutes later, the Federal Reserve\u2019s FOMC member Michael Barr will be speaking at 14:05 ahead of US consumer confidence released at 1500 this afternoon.\u00a0<\/span><\/p>\n <\/div>\n <\/div>\n <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Travel Tuesday, motion supported by Hungarian parliament to allow Sweden to join Nato, Trump’s legal bill continues to grow interest with US monetary conditions at their tightest level in 22 years, and today’s data.<\/p>","protected":false},"author":15,"featured_media":6385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"rp-language":[16],"class_list":["post-6372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-morning-updates","rp-language-en_gb"],"_links":{"self":[{"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/posts\/6372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/comments?post=6372"}],"version-history":[{"count":0,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/posts\/6372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/media\/6385"}],"wp:attachment":[{"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/media?parent=6372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/categories?post=6372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/tags?post=6372"},{"taxonomy":"rp-language","embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/rp-language?post=6372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}