Costa links European prosperity to democratic institutions in Budapest

European Council President António Costa used an address to Hungary’s National Assembly on 23 October to connect economic prosperity with democratic institutions. The speech marked 70 years since the Hungarian revolution of 1956.

Costa argued that good governance, freedom of expression and academic freedom support public trust and a predictable environment for investment. He described European cooperation on competitiveness, defence and borders as a way to strengthen member nations in the face of shared challenges.

The address also presented national identity and European unity as compatible. These are the arguments made in a commemorative political speech, rather than the announcement of a new legislative measure or funding decision.