The outcome of the recently concluded European Parliament elections is described as a shock or crisis, but the actual reaction is better named hysteria, as if the rise of the right in these elections resembles the rise of fascism in the 1930s

Europe has a special worry about a broken, uncaring economy. Things rip apart. More and more people fall into desperation. Some decide it's the fault of immigrants, etc. Europe's history teaches us that social caring isn't simply an abstract principle



  • Three countries with a rich heritage -- Germany, Hungary, and Austria -- each have a constantly evolving sightseeing scene. Here's the latest vacation travel ideas for 2013

  • The most grueling swimming event at the London Olympics Games, the women's open water race, was won by Hungary's Eva Risztov by an extremely narrow margin of 0.4 seconds

  • The Visegrad Group consists of four countries -- Poland, Slovakia, the Czech Republic and Hungary. The group was reconstituted in 1991 in post-Cold War Europe. The goal was to create a regional framework after the fall of Communism. The Visegrad Group took an interesting when it announced the formation of a 'battle group' under the command of Poland

  • The anti-ballistic missile (ABM) system under construction by the US and NATO in the Black Sea Region poses no threat to US-Russian nuclear strategic parity. On the contrary, it holds cooperative potential for the two leading nuclear powers. It could also stabilize the broader Eurasian security situation in the light of Iran’s policy of nuclear blackmail

  • The Hungarian government abandoned part of its planned debt auction after it had to raise interest rates on the bonds to sell them

  • Hungary has requested precautionary financial assistance from the International Monetary Fund (IMF) and the European Union (EU)

  • Despite federal spending consuming 27.2 percent of GDP, the United States maintains a Aaa rating. But you can't say the same about Hungary and many other countries in both the developed and developing world where continued fallout from the economic crisis is hurting their credit ratings. As a result, investors have viewed the economic situations in these countries as increasingly risky bets