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Free AccessOpp. Calls For Emergency Parl't Session To Approve Sweden NATO Bid
Hungary's opposition parties have submitted a motion calling for the National Assembly to be reconvened for an emergency session on 5 February in order to ratify Sweden's NATO accession. Zita Gurmai, a deputy from the centre-left Hungarian Socialist Party (MSZP), said to Reuters that "Our motion has been sent to the speaker... Now the question is whether 135 men [the cohort of Fidesz-KDNP lawmakers] will be brave enough to show up,". Parliament speaker Laszlo Kover has stated that there is no urgency on the issue, and that opposition efforts will fail. This is despite Sweden, NATO and other NATO member states claiming there is significant urgency in getting Sweden's accession ratified.
- PM Viktor Orban is already under significant pressure from EU partners to drop objections to EUR50bn in funding to Ukraine over the next three years. The FT reportedthat the Union could seek to pressure Orban through the Hungarian economy if he does not relent on the issue.
- The gov't has sought to blame parliament and Fidesz lawmakers on the slow ratification of Sweden's NATO bid. However, given the iron grip that Orban is seen to hold over Fidesz many observers have given this excuse short shrift. Indeed, Orban's relatively close relations with Moscow (in comparison to other NATO or EU members) has been raised as a potential reason behind Hungary's foot-dragging on the issue.
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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.