LMP: If Orbán Remains In Power, Europe ‘Will Bid Farewell To Hungary’

  • 8 Apr 2018 9:51 AM
  • Hungary Matters
LMP: If Orbán Remains In Power, Europe ‘Will Bid Farewell To Hungary’
Hungary’s economy has become increasingly vulnerable and fragile, yet the prime minister, Viktor Orbán, and his government are stealing EU funds, Bernadett Szél, the opposition LMP party’s prime ministerial candidate, said on Friday.

Meanwhile, economist Péter Róna, allied to LMP, insisted that if Orbán were to remain in power, Europe would “bid farewell to Hungary”.

Szél said Orbán’s “biggest crime” had been to misuse EU funds. “These will soon run out,” she said. She insisted that Orbán was already trying to replace the EU money by doing deals which bring in investment funds such as those that are financing the project to expand the Paks nuclear power plant.

The country’s economy cannot be based solely on foreign capital, Szél said, arguing that domestic small and medium-sized firms must be strengthened by redeploying EU funds and increasing tax on large corporations to support them.

Róna insisted the Hungarian economy was unsustainable without EU funds.

He said economic growth would have been between 0 and 0.5 percent in the past eight years without the funds and remittances from Hungarian employees working abroad.

MTI photo Kovács Tamás

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.

Explore More Reports

  • Opposition Parties Blame Govt For EP Vote On Hungary

    Opposition Parties Blame Govt For EP Vote On Hungary

    • 18 May 2017 9:00 AM

    The opposition Socialists said Wednesday’s vote by the European Parliament to propose invoking Article 7 against Hungary showed that Europe was “fed up with” the actions of the Hungarian government.