Prime Minister Orbán recently confirmed that Hungary has no intentions of joining the euro zone. This is one of his best and most consequential policy decisions ever.
It’s going to be a tough sell to member states to provide €800 billion more for the total budget, but still cutting cohesion and agricultural funds by 25-30% and sending it to Kyiv.
With an ideologically aggressive president, and with the states becoming more and more dependent on money from the federal government, the table is set for fiscal blackmail of conservative states. First out: abortion laws.
With more talks due on Saturday it appears the EU is still powerless to break the long-running diplomatic deadlock, in spite of both countries’ desire to join the bloc.
