Two Years Ago Orbán Called the EU Loan Plan the Second Soros Plan, Now He Has Signed Up to It

The roundabout way to EU funds

5 April 2022

It has been a circuitous route to Viktor Orbán’s letter to the President of the European Commission on the Hungarian government’s use of the European Union’s Recovery Fund.

Two years ago, it was the Hungarian prime minister who, amid the usual ‘rank and file,’ announced that it would be dangerous for Hungary to rely on external EU funding to deal with the economic crisis caused by the coronavirus epidemic.

True, after the protracted outbreak, the Hungarian economy is now also facing the challenges of the Russian invasion of Ukraine, a neighbouring country, so it is not surprising that the government would eventually seek full EU support. After all:

The concessional credit line would allow money to flow into the economy on more favourable terms than if the government were to borrow from the international market on its own

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Csongor Körömi

Journalist at Telex.hu

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