this post was submitted on 01 Jan 2025
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Summary

Hungary will lose €1.04 billion in EU funds on January 1, 2025, as disputes with Brussels over corruption and rule of law persist, deepening its recession.

Hungary faces a deepening recession, with with €6.3 billion frozen over rule-of-law concerns, and €200 million lost annually due to daily fines for illegal asylum seeker treatment, alongside a 0.7% economic contraction and a 4.5% budget deficit.

Prime Minister Viktor Orbán is looking to Chinese investment to offset the €19 billion in blocked EU funds.

While Chinese projects, such as a battery plant, have increased, experts doubt they can replace the scale of EU funding.

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[–] TheEighthDoctor 8 points 4 days ago (1 children)

It's so stupid that the EU doesn't have a mechanism to kick out members, wtf were they thinking when they made the rules?!

[–] [email protected] 4 points 4 days ago* (last edited 4 days ago)

Because it could be used the other way. I agree that the Hungarian question is shit, but imagine a majority of countries deciding to kick a country out because opposition to some regulation , like fracking or immigration,or whatever, which is objectively good.

Also, what Orban is doing is as a govrnment. The majority could change, and we'd have punished a country because of a single government. It's a really difficult thing.