Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Hungary's Orban convinced Trump will win U.S. election, has no plan B

Published 09/25/2020, 10:28 AM
Updated 09/25/2020, 10:30 AM

By Gabriela Baczynska and John Chalmers

BRUSSELS (Reuters) - Hungarian Prime Minister Viktor Orban said on Friday he was convinced that Donald Trump will win another term in November's U.S. presidential election and has made no plans for any other outcome.

"The only reason why I'm sitting here after spending more than 30 years in politics is that I always believe in my plan A," the nationalist leader told Reuters in an interview in Brussels when asked about the looming U.S. vote.

"We have an exceptionally good relationship with Trump. Probably the level of openness and kindness and helping each other will be lower (if Democrat challenger Joe Biden wins the U.S. election). But my calculation is OK. He (Trump) will win."

Orban this week endorsed Trump's re-election bid, saying his rival Democrats had forced a "moral imperialism" on the world that illiberal leaders like himself reject. (LINK)

Orban is a nationalist leader regularly at loggerheads with the EU over his anti-immigration campaigns and moves to put the judiciary, NGOs, media and academics under more state control.

He clashed with the administration of then-U.S. President Barack Obama, a Democrat, over what critics said was an erosion of democratic values by his government.

Asked what the impact of a Trump victory would be for the EU, Orban said for those who view the bloc as built around its institutions it would be a blow.

"If you understand the European Union as a centralised power the spirit and heart of which is provided by the institutions - Trump is not the best option," he said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"But if you believe that the European Union is nothing else but just a community of member states - Trump is OK, is by far the best."

He said that if Trump does win the election, the EU will need to normalise its trade relationship with the United States and also establish clarity about the long-term presence of U.S. troops on European soil.

"The European Union has a huge trade surplus with the United States. The (U.S.) President always raises the point that he'd like to decrease it by changing regulations. Customs, basically. It's in the air, it's not fixed."

He welcomed Poland's proposal to host U.S. troops that are being withdrawn from Germany, but said this would not be necessary for Hungary because it is not facing a direct threat from Russia.

Orban said Hungary would get to the NATO requirement - strongly backed by Trump - of spending 2% of GDP on defence. Asked how long that would take, he said: "Not more than five years."

Orban faces a challenge to his decade-long rule in parliamentary elections due in early 2022 as Hungary braces for the economic and social impact of a new rise in coronavirus infections.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.