Oil price shocks: how the energy crisis is dividing Central Europe
As Hormuz closes and Druzhba stays shut, the four Visegrád countries face the same vulnerability from opposite directions.
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As Hormuz closes and Druzhba stays shut, the four Visegrád countries face the same vulnerability from opposite directions.
Tisza’s landslide victory on April 12 sent the forint to a four-year high and Budapest stocks to a record, as investors priced in the end of the Orbán-era risk premium and the prospect of unlocking frozen EU funds.
Opinion polls are divergent, but results from government-independent research institutes suggest the possible defeat of the Orbán government in Hungary.
The Strait of Hormuz is thousands of miles from Budapest or Prague. Yet the crisis unfolding there is already hitting Central European drivers at the pump.
Can CEE develop a realistic policy response that shields the region from Europe’s structural decline?