Orban Threatens EU with Veto If Hungary Doesn't Receive Money

06.12.2024 15:09

According to Bloomberg, Viktor Orban has threatened to veto the EU budget if Hungary does not receive the allocated funds.

The Hungarian prime minister was referring to the next seven-year EU budget from 2028.

Approval of the document is only possible with a unanimous decision by 27 member states, the Bloomberg article emphasizes.

Orbank is said to have a history of delaying joint decisions by the bloc.

Hungary will certainly receive these funds, Orban said on state radio.

Orban
Photo: kremlin.ru

He stressed that Hungary will receive the funds not received in 2025-2026 in 2027-2028, or there will be no EU budget.

Orban explained that he would use his veto power when agreeing on the EU budget.

Investors believe the EU currently holds around €20 billion from Hungary.

Moody's Ratings has cut its outlook on Hungary's debt levels to negative as the government's chances of unlocking frozen EU funds fade.

Elena Gutyro Author: Elena Gutyro Editor of Internet resources