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Matolcsy: Appearances can be deceptive

English2020. jún. 26.GOVERNOR MATOLCSY100WORDS

Janan Ganesh is definitely right in telling us that America’s internal schisms are being used against it /FT, 4 June 2020/.

Nevertheless, when it comes to the new cold war with China, we can spot a divided nation on the one hand and a largely unified political class on the other. In the US, nearly all major political players support the new cold war at all costs.

In 2003, the US launched a new “Thirty Years’ War”. By the end of 2016, with the outcome of the British referendum on Brexit, America seemed to win the “Danish chapter” of the first European war. They should have stopped there, as General Haass suggested in his book, published halfway through the war in early 2018.

America failed to do that, so the US really decided to bed down for an indefinite struggle against China.

Alea iacta est.

Governor Matolcsy, MNB, the Central Bank of Hungary

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