The government “seeks to conceal” what they want to use the huge amount of money for, and suggested that Hungary’s taxpayers would be repaying the loan for decades.

“We don’t know what interest we’ll have to pay on the Chinese loan,” he said, adding that the term of the loan was also unclear. “We do not know either which Fidesz-billionaire’s company the money will benefit,” Varju added.

Through providing the loan, China will make Hungary “dependent, not only in an economic but in a political sense”, Varju said.

Prime Minister Viktor Orbán “has put on the Chinese leash in return for further billions they could loot,” he said.

Taking a loan from China is “a shining proof” that “the government’s austerity measures have yielded even less in state revenues … and because of the empty coffers it will take out further and further loans and introduce more and more austerity,” Varju said.

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here!