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Gulyas: inflation could fall into single digits by October

The government will make good on its promise of bringing inflation down into the single digits by the end of the year; it could happen as early as October or November, Gergely Gulyas, the head of the Prime Minister's Office said at the 32nd "Tusvanyos" summer university course at Baile Tusnad (Tusnadfurdo), in central Romania, on Thursday.

Speaking about next year’s European Parliament elections, Gulyas said that, if not a miracle, a shift to the right can be expected, which “perhaps makes it possible to discuss reasonable proposals”.

He said the majority of MEPs cannot forgive Hungarian voters for “failing to find what they consider to be the right answer” every four years and therefore try to take revenge on them.

On the matter of the war, Gulyas called for peace negotiations as soon as possible, adding that he believed the outcome of the war was closely related to next year’s US presidential elections.

Gulyas said Ukraine, as a victim of aggression, clearly deserves solidarity and no European country disputes that Russian grossly violated international law. The question is, he said, how long EU member states will continue financing the war. He said it was irresponsible to finance a “frozen” conflict for years when no better result can be expected, and a ceasefire, which ends the killing, could be the only solution.

“It goes against the basic rules of common sense that there are countries that are members of the EU and are entitled to funds from the EU budget, and the European Commission, contrary to the Community law, does not provide these funds, and then calls on these member states to kindly agree to a unanimous decision so that a country that is not a member of the EU can also share in EU funds,” Gergely Gulyas said.

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