Market Talk – July 26, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 202.10 points or -0.53% to 37,667.41 Shanghai increased 4.16 points or 0.14% to 2,890.90 Hang [...]
EU Refuses to Honor Solidarity to Share Expenses of Refugees
The EU has been dictating to the member states but has failed to shoulder common costs for the refugee crisis they did not create. The EU denied Italy to subtract the cost of feeding refugees from their budget restrictions imposed by the EU. Now the Hungarian Prime Minister Viktor Orban called for a payment of €400 million for the Hungarian border fence. What is clear is that “European solidarity” is a one-way street. Everyone must do as the EU commands and pay up to support Brussels, but Brussels will not share the costs of the crisis they have created. This is tearing the “solidarity” apart because it is clearly a one-way arrangement.
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