Skip to content

Hungarians Protest as Orban’s Austerity Measures Bite

  • Premier scrambles to stabilize economy as currency plummets
  • Steps included raising taxes, cutting energy price subsidies
Demonstrators block the Elisabeth Bridge during a protest in Budapest, on July 14. 

Demonstrators block the Elisabeth Bridge during a protest in Budapest, on July 14. 

Photographer: Attila Kisbenedek/AFP/Getty Images

Updated on

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

Hungarians are holding daily protests as a plunging currency and the threat of a Russian cut-off of natural gas shipments to Europe forces Prime Minister Viktor Orban to embrace unpopular austerity measures.