Hungary

Reader Anna Salyi, a Catholic in Hungary, sends two great e-mails. I publish them with her permission:

Submitted by Judith Bergmann via The Gatestone Institute,

As Norway offers cash for refugees to leave, announcing that they won't be accepting any more refugees from the EU, and Switzerland prepares its military to close down borders, the EU has seemingly had enough of every country acting as if it has any type of sovereignty left. The European Commission has announced that it is going to pull rank on everyone, and in Obama-like fashion, will be fining countries for not taking their fair share of refugees.

Hungary’s Prime Minister Viktor Orban has officially banned ‘Islamisation’ from Hungary in order to protect the country’s culture and language.  Orban said the government opposes mass migration because it dilutes the principles of the Hungary constitution. Metro.co.uk reports: These comments follow the country’s decision to build a razor-wire fence last year to stop migrants from entering its borders. Orban said in order to be able to protect the citizens of Hungary they must know who wants to come in and why.

Submitted by Mike "Mish" Shedlock

Hungary has become the first Eastern European country to issue a yuan-denominated sovereign bond.

The deal that shows how currying favor with China may be a more important driver for the market than funding.

Reader Steve who sent me the story commented on Hungarian mortgages denominated in Swiss Francs only to see the  Franc jump over 20% in value overnight.

“Pretty clever guys!”, said Steve.

Anyone think this is a good idea?