During the 1950s and early 1960s the trading interests of the US and the EC generally coincided, with the result that tariff negotiations could be held successfully. Since that time the interests of the US and the EC have diverged somewhat, and pressures for increased protection have arisen.

On the economic side it has been possible generally to maintain American-European cooperation, on which world stability and progress depend, but political cooperation has been less rapid. Therefore the time seems ripe for a re-examination of the principles of the Atlantic Community.

The threat of an epidemic narrows the scope for political competition. As Fidesz’s position within the EU has weakened significantly with the withdrawal from the European People’s Party, and the COVID-19 crisis is generating serious social tensions, the questions seem to be more open in the...