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Free AccessMNI China Daily Summary: Wednesday, December 11
Hungary PM To Push Parliament To Approve Sweden Ratification
Hungarian Prime Minister Viktor Orban has indicated that he will "continue to urge" the National Assembly to approve the ratification of Sweden's NATO bid after the approval by Turkey's Grand National Assembly is set to leave the central European nation as the only NATO state that has not given its assent. The Hungarian gov't had indicated earlier that it would seek further negotiations with Swedish PM Ulf Kristersson on Sweden's accession, but this brought short shrift from the Swedish foreign minister who statedthat "I see no reason to negotiated at this point."
- The Hungarian National Assembly is set to reconvene on 26 February, barring an emergency recall.
- Bloomberg notes, "there’s a sense that Orban, [...] could have overplayed his hand on Sweden. Hungary’s government submitted the ratification text to parliament in 2022 and then let it languish, eroding the goodwill of allies. All the while Orban kept telling them that Hungary would ratify before Turkey, a pledge that’s now soured."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.