Orban Threatens EU Budget Veto Unless Hungary Obtains Funds
- Hungarian premier threatens to derail next EU budget from 2028
- Hungary plans to keep to limit on FX debt financing next year
Victor Orban
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Prime Minister Viktor Orban threatened to veto the European Union’s next long-term budget unless Hungary regains access to funds the bloc froze due to rule-of-law and corruption concerns.
Orban was referring to the EU’s next seven-year budget from 2028, which requires unanimity among the 27 member states to be approved. The Hungarian leader has a track record of delaying the bloc’s joint decisions, though lately the other 26 nations have sought ways to get around his objections.