HUNGARIANS are rightly proud of their warrior heritage. Magyar fighters have gone selflessly into battle against their oppressors, taking on the Austrian army in 1848 or the Soviets in 1956. Both were military disasters for Hungary, but nobody can deny the soldiers’ courage.

Now Hungary is once again at war, says György Matolcsy, the economy ...

TODAY is World AIDS day. And once again, UNAIDS's annual report shows that the situation in eastern Europe and central Asia is dreadful, offsetting some progress in Africa. Ukraine's HIV infection rate, 1.3% of over-15s, is the worst in Europe. Ukraine and Russia account for 90% of all HIV cases in the region. Fewer than one-fifth of Ukrainian...

THE vice closing in on European banks—demands for more capital on one side, and downgrades of their sovereign debt holdings on the other—is threatening to have nasty side effects in some central European countries.

Austria and Sweden, concerned about their own banks’ exposure to the region, recently broke ranks with other regulators and tightened c...