Hungary
Hungary must still meet ‘milestones’ to secure EU cash
By lifting its veto Hungary avoids imminent loss of 70% of recovery funds but later disbursements depend on ‘milestones’
HungaryWar in Ukraine will deepen poverty in Central Europe
Russia’s invasion of Ukraine has sent prices soaring, unleashing a cost-of-living crisis across Central Europe
Eastern EuropeHungary cannot easily replace lost EU funding
The potential loss of funding from EU scrutiny of Hungary’s institutions could be highly damaging
HungaryHungary gambles Ukraine veto will release frozen funds
Hungary has vetoed EU aid for Ukraine in hopes the EU will back down on suspending funds to uphold rule-of-law standards
HungaryHungary and EU may compromise on frozen funds
The European Commission leverages cohesion and COVID-19 recovery funds to put pressure on Hungary on the rule of law
HungaryHungarian motorists may blame government for no petrol
Restricting the price of motor fuel by decree has also restricted supplies to the market
HungaryRates may stay high in Eastern Europe for many months
Poland is at the forefront of the debate in Eastern Europe whether inflation or slowdown should drive monetary policy
Eastern EuropeHungary’s interest-rate cap will frustrate MNB policy
The government’s market-unfriendly economic measures now include an interest-rate cap that goes against MNB policy
Hungary
