According to the British media Reuters, the exchange rate of the euro against the US dollar suddenly fell below 1:1 on the 12th. The news that it reached the lowest depreciation point in the past 20 years sounded a warning to many countries and also showed the seriousness of the

2024/07/0220:26:32 finance 1757

According to the British media Reuters, the exchange rate of the euro against the US dollar suddenly fell below 1:1 on the 12th. The news that it reached the lowest depreciation point in the past 20 years sounded a warning to many countries and also showed the seriousness of the  - DayDayNews

Hungarian Prime Minister Orban

According to British media Reuters , the exchange rate of the euro against the US dollar suddenly fell below 1:1 on the 12th, reaching the lowest depreciation point in the past 20 years. This news has sounded a warning to many countries. , also shows the seriousness of the crisis currently facing Europe. The British media said that this data means that "all the development achievements of the euro area over the years have been wiped out and are back below the starting point. This is what they have lost." Although the UK's campaign seems to be complacent about its "smart move" to leave the EU, data on inflation, European energy prices and currency depreciation can truly reflect the current situation.

According to the British media Reuters, the exchange rate of the euro against the US dollar suddenly fell below 1:1 on the 12th. The news that it reached the lowest depreciation point in the past 20 years sounded a warning to many countries and also showed the seriousness of the  - DayDayNews

EU Policy Representative Borrell

It is reported that Hungarian Prime Minister Orban was the last country to agree to the oil embargo against Russia. His nod allowed the EU to announce the sixth round of sanctions against Russia in the last two days of May. success. Orban had previously advised small European countries "not to become pawns in conflicts between major powers" and showed an uncooperative attitude towards multiple sanctions, which led to officials such as von der Leyen "visiting"; in the end, the EU did not know What method was used to get Hungary to agree to pass the resolution? The preferential policies that have been announced include "opening a back door" for Hungary to allow them to continue energy trade with Russia for a period of time, and also assisting Hungary, the Czech Republic, and other countries in laying new oil pipelines. There are also People speculate that the EU put a lot of political pressure on Orban behind the scenes, using both soft and hard tactics to get him to compromise.

According to the British media Reuters, the exchange rate of the euro against the US dollar suddenly fell below 1:1 on the 12th. The news that it reached the lowest depreciation point in the past 20 years sounded a warning to many countries and also showed the seriousness of the  - DayDayNews

Orban gave a national speech

html On the morning of 15th, Orban was interviewed by Hungarian TV station and expressed his latest views on EU sanctions on Russia. Orban’s conclusion is that China won the Russia-Ukraine conflict, the United States had “almost no losses”, and Europe was completely asking for trouble. He said that before March, China's oil imports were completely restricted by Arab countries and had no other choice, but now China can purchase oil from Russia at a lower price; and with the return of global capital and "advantageous control policies" in the United States, although the inflation index There has been an increase, but the US dollar price is almost the same as before the Russia-Ukraine conflict, and GDP is also in line with expectations.

According to the British media Reuters, the exchange rate of the euro against the US dollar suddenly fell below 1:1 on the 12th. The news that it reached the lowest depreciation point in the past 20 years sounded a warning to many countries and also showed the seriousness of the  - DayDayNews

Hungarian Prime Minister Orban

On the other hand, Europe is ushering in a collapse. Orban described that at first he thought the EU just shot him in the foot, but now he found that it turned out to be a shot in the lungs. , the economy is completely out of breath. He also lamented in the interview that European leaders need to reconsider their strategies. The current sanctions have not only failed to weaken Russia, but also have not found any way out for the Russia-Ukraine conflict. If it continues, the European economy will be destroyed. An insider said that although Orban has no intention of sanctioning Russia, Hungary, which is in the EU, has to accept being "overall counterattack" by Russia. In the middle of the year, they also turned on the energy red light, declared a state of emergency and canceled all energy sources. exit.

According to the British media Reuters, the exchange rate of the euro against the US dollar suddenly fell below 1:1 on the 12th. The news that it reached the lowest depreciation point in the past 20 years sounded a warning to many countries and also showed the seriousness of the  - DayDayNews

The US Department of Commerce stated on the 14th: The content of the sanctions exemption project for Russia

It is worth mentioning that while the Hungarian Prime Minister warned the EU, the European Commission is instigating the seventh round of sanctions against Russia. Sources from Reuters in Brussels said that the seventh round of sanctions mainly targets Russian gold and "all parts that can be used to make weapons." It is not yet known how the sanctions are viewed within the EU. On the 14th, the U.S. Department of Commerce took the initiative to announce that it would “not impose sanctions on many types of Russian goods,” including hundreds of export goods including grain, food, medicine, agricultural equipment, etc. It seems that they are doing the opposite with Europe. ".

finance Category Latest News