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00:00The Eurozone should learn from the United States if it wants to compete more efficiently
00:05for global investment, said the managing director of the International Monetary Fund, Kristalina
00:11Georgieva, on Friday.
00:15She urged Europeans to develop a culture of confidence rather than modesty.
00:21If something is done really fantastically well, my parents would say not too bad.
00:29That was the highest praise.
00:31And in the U.S., you just move your legs and you're fantastic.
00:36You blink and you're great.
00:38Georgieva said one area for improvement in the EU is progress on a unified market.
00:44Country-specific laws are a hindrance to cross-border investment, forcing companies to be more reliant
00:49on banks rather than private investors for loans.
00:53The IMF's most recent economic outlook projected growth for 2025 at 2.7% in the U.S. and 1%
01:01in the Eurozone.
01:07Hungarian Prime Minister Viktor Orban has raised fears of a potential veto from Hungary
01:12as the EU prepares to renew sanctions on Moscow in the coming week.
01:17Speaking on state radio, Orban said Ukraine's decision to stop the transit of Russian gas
01:22into Central Europe has forced Hungary to turn to other routes, raising energy prices.
01:29He wants the EU to intervene, claiming EU sanctions against Russia for its war in Ukraine
01:34had cost Hungary 19 billion euros.
01:37We ask them to tell the Ukrainians that they will stop the gas pipeline.
01:44Now that it's closed, let them open it again.
01:47This is not a question of Ukraine, it's a question of Europe and Central Europe.
01:52If the Russians want to help, for example by sanctioning the Russians, let them reopen the gas pipeline
01:57and let Central European countries, including Hungary, import the gas we need through Ukraine.
02:06Orban has long been a vocal opponent of EU sanctions against Moscow, though he has ultimately
02:11always voted for them.
02:14But following the inauguration of U.S. President Donald Trump last week, Orban has publicly
02:18demanded an end to sanctions, raising the possibility that he would veto the newest
02:23round which would be decided by 31st of January.
02:32The Azerbaijan Airlines flight that crashed near Aktau in December was downed by an air
02:36defense system which was brought from Syria to Russia.
02:39That is according to Russian sources familiar with the investigation.
02:44Local media reported that Russian investigators have identified both the individual who launched
02:49the missile and the officer in charge who gave the order.
02:56Sources additionally reported that electronic warfare systems were deployed against the
03:00aircraft as it was on approach to land in the Russian city of Grozny, which led to severe
03:04malfunctions in its control systems before the crash.
03:10Government sources told Euronews that the damaged aircraft was not allowed to land at
03:13any Russian airport despite the pilot's request for an emergency landing, and it was ordered
03:18to fly across the Caspian Sea towards Aktau in Kazakhstan.
03:25Baku refuses to allow the case to be hushed up and remains adamant in its demand for Russia
03:30to take accountability.