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.
HUexit doesn’t roll off the tongue
Hmm. And Hungarexit is at least a syllable too long.
Could combine the Hungarian name for their country with something else maybe. Magyexit is three syllables, for example.
But I reckon I have a winner: Magyeet
Hungxodus
Sounds like a Passover theme night at an LGBTQ+ friendly bar 😁
HuXit maybe
Huyexit