Eastern Europe Tilts to OBOR and Eurasia 

Source: New Eastern Outlook, by F. William Engdahl

Small but geopolitically important steps were taken by key members of the European Union from the EU’s Eastern periphery. While largely ignored in Western mainstream media and in Brussels, they could well portend a longer-term alternative economic space to the failing construct known misleadingly today as the European Union with its bankrupt Eurozone single currency and European Central Bank. I refer to the talks recently in Beijing at the major Belt and Road Forum, between leaders of 29 nations and China’s President Xi Jinping with the Prime Ministers of Hungary, Greece, Italy, Spain as well as the President of the Czech Republic and the President-elect of the Republic of Serbia.

The significance of the attendance of these specific European countries is underscored by the conspicuous absence of the leaders of Germany, France (maybe excusable due to presidential elections), and the remaining EU member countries, as well as the absence of the President of the EU Commission.

The list of Beijing attendees confirms that a tectonic fault line is developing across Europe between government leaders opting for national economic growth and development versus the nations whose leaders are still tied to the scelerotic, dying economies of the old Atlanticist order known as the American Century.

‘Historical Cusp’

China made clear to the USA and the EU that their OBOR infrastructure project was not at all exclusionary. Beijing made clear months ago that it genuinely wanted their participation in what Vladimir Putin called the development of an Eurasian Century.

Trump responded by sending a low-level National Security Council civil service bureaucrat named Matt Pottiger. Germany’s Merkel sent her Economics Minister who pompously declared in Beijing that Germany would not sign the Forum Joint Communique, complaining instead that she wanted a “level playing field,” newspeak for the old Anglo-American globalization midel that makes the rules for “less developed” countries and thereby gives superior advantage for the Western G-7 multinational giant corporations and states.

Notably, leaders of the EU countries most strongly objecting to Brussels policies in key areas of the economy and refugees, such as Hungary’s Viktor Orban, strongly embraced participation in China’s vast $22 trillion infrastructure project called One Belt, One Road or OBOR, more recently Belt and Road, for short.

In remarks in Beijing summarizing his talks there, Hungarian Prime Minister Viktor Orban spoke bluntly of an emerging global tectonic fault line. Orban declared that the old globalisation model is obsolete, noting that “a large part of the world has had enough of a world where “a few developed countries have been continuously lecturing most of the world on human rights, democracy, development and the market economy,” a direct slap in the face to the US-led “democracy and human rights” NGOs of George Soros and the CIA-tied USAID which have ferociously tried to topple the very popular Orban.

Orban added that the world today has, “arrived at a cusp between historical eras: the old model for globalisation – built on the assumption that money, profit and technological know-how are in the West, flowing ‘from there to less developed, eastern countries.’ That model, Orban stressed, has “lost its impetus.” The Hungarian leader emphasized the crucial point that Washington and the stagnating governments of much of the EU are in denial. “Over the past ten years, the global economy’s engine room is no longer in the West, but in the East. More precisely, the East has caught up with the West.”

The Hungarian Prime Minister noted the fact that in Hungary over the past year or so, “large American and European companies have been bought up by Chinese enterprises, leading to a sharp increase in the number of Hungarian development projects that are now Chinese-owned. This movement of capital is totally different to what we have been used to, and to what we have been taught about how the global economy operates.”

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Categories: Financial/Societal Collapse and Dependence, Politics

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