This is John Batchelor, conversation with my colleague Anato Levin of the Quincy Institute for Responsible Statecraft.

The good news is that in Hungary the election is fair and goes forward and turns out Victor Orban, who had been blocking, among other things,

alone from the EU to Keefe,

to continue the resistance of the Russian aggression and to start the rebuilding.

That loan was held up.

I think it's as high as $90 billion.

Now that Orban has gone, the presumption is that it will go through,

but there is concern about that loan because who's got the money?

Where's the money?

What are we to do about the money?

We've got this new concern about the Strait of Hormuz.

What about the money?

Is Anatol to explain?

Good news, bad news report.

More tonight.

Well, I mean, the Mojo will certainly lift the hungarian block um and that i think

will lead others you know in slovakia for example to also to go along with it um but as you've said

i mean the question is where the money is to come from uh and that, of course, brings us back to the Iran war and its impact.

Because that is why, obviously, Europe is so desperate for a peace settlement

and an end to the blocking of the Straits of Hormuz,

because if this leads to a severe global

recession, including a European recession, then the pressure on government debt in Europe,

...