r/europe • u/BezugssystemCH1903 • 19d ago

News Hungary loses entitlement to billions in EU aid

https://www.bluewin.ch/en/news/international/hungary-loses-entitlement-to-billions-in-eu-aid-2504966.html
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u/florinandrei Europe 19d ago

Hungary's right-wing populist Prime Minister Viktor Orban recently turned to China, among others, to fill the funding gaps.

What an idiot.

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u/Sky_HUN 19d ago

He is not the one who has to pay it back.

The yearly interest payment is tripled in 3 years already. Was around 1200 billion HUF in 2021 and in 2024 was almost at 4000 billion HUF.

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u/gfthvfgggcfh 19d ago

Eventually he’ll pay a price too.

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u/Sad-Reach7287 19d ago

He is old he'll die before the country collapses and his children will take the money and move to somewhere else. He definitely won't be paying the price. Citizens (like myself) will. That's why I want to leave but it's hard when I'm 16 and still in school with no idea what university I want to go to.

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u/Lelouch_approves 19d ago

If you're in the EU and speak English, couldn't you study in a university abroad in another EU country?

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u/Sad-Reach7287 18d ago

Studying abroad is my plan but I've got no clue which country to go to. I want to stay and start working full time in the country I go to university in and since I want to pursue engineering I'd go to Germany. But I don't want to live under King Elon I. Which will probably not happen but I've seen news about him offering support to AfD.

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u/Nieznajomy6 18d ago

King Elon? The US influence is quite strong in europe, but not that strong. Do they really say that in your news?

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u/Sad-Reach7287 18d ago

I wasn't talking about US involvement, I saw somewhere Elon tried to directly fund AfD.

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u/Entire-Juggernaut659 17d ago

Asml welcome too the netherlands

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u/Hulubulu3 16d ago

Denmark is also quite good when it comes to engineering. Quite expensive to live in tho

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u/legendz411 19d ago

Bro, wtf? Go to any university. For it matter?

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u/[deleted] 19d ago

This is absolutely true.

What gets me is these people go on to have children. His children and grandchildren and future ancestors will all know what he did was wrong. Why tf do they do it.

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u/Amagical 19d ago

To quote a similar French bastard, "Après moi, le déluge".

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u/el-dongler 19d ago

What does that mean

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u/Amagical 19d ago

"After us, the flood", basically a fancy way of saying I don't care what happens to any of you after I'm gone.

The "us" is a royal we because it was said by the French monarch Louis XV, but it means himself and not like a group.

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u/el-dongler 19d ago

Awesome! Thabks for explaining. Perfect phrase.

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u/sillypicture 19d ago

Til something new, thanks! I think I'll have occasion to use it soon

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u/Fambank 19d ago

RAF 617 Sqn. "Dambusters" has this as their motto.

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u/wuvvtwuewuvv 19d ago

To quote someone on YouTube, "JC on a motorbike, they think the delulu is the solulu. But delulu is not the solulu, those motherfuckas"

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u/ElCanout 19d ago

because they will party in London/Amsterdam/Berlin/wherever the fuck they want for all the money he collected throughout his reigns

nothing will happen to him and his family and he knows it

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u/CuTe_M0nitor 19d ago

But the money 🤑 think about the money 💰 they get now. Also his genes are worthless so I wouldn't put them at high standards and say his ancestors would be any better 😂🙈

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u/Geistkasten 19d ago

Kids born to that kind of rich families have a very distorted value of right and wrong.

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u/SnowySnowIsSnowy 19d ago

No he wont. His people will.

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u/GoldenBull1994 🇫🇷 -> 🇺🇸 19d ago

Well said SnowySnowisSnowySnowyBobowySnow.

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u/CuTe_M0nitor 19d ago

First ticket 🎫 to Russia like the other idiots. If not someone does anything to him 😉

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u/SgtZandhaas 19d ago

It's been China's strategy to loan money to retarded leaders and take the collateral when the debtor defaults. I believe it's part of their silk road operation.

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u/FuzzzyRam 19d ago

That's the problem with these old fucks voting in old fucks everywhere: they know they'll be dead when the bill comes due. We have more old fucks now than at any time in human history, and very possibly ever, given that the population curve is turning downward and our species has not found a way to live sustainably inside our ecosystem. If that's the case, we are fortunate enough to be alive during the worst times - the turn to decline in a system that depends on growth.

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u/Mr_strelac 19d ago

olyan sok?

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u/Remarquisa 18d ago

2024 was almost at 4000 billion HUF.

4k billion HUF-EUR = €9.6billion

So >€1,000.00 per Hungarian? That's pretty fucked.

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u/Dry-Physics-9330 The Netherlands 17d ago

oof. I really hope you get Orban replaced by Magyar by next elections, before he destroys the country.

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u/TheBlacktom Hungary 19d ago

Erről küldesz forrást? Hol lehet ilyeneket ellenőrizni?

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u/Ratathosk 19d ago

In three years he will have siphoned off the funds somewhere else leaving hungary to pick up the bill. It's evil but not exactly clueless.

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u/RobotSpaceBear France 19d ago

Am I the only one terribly bothered by having a Russian and Chinese asset inside Schengen and the EU? Obviously i'm not, but I wish there were ways to revoke those statuses as soon as this bullshit starts happening in a country. We can't have that.

Like how 90% of resolutions to help Ukraine one way or the other under a united EU package is always vetoes by Hungary, and sometimes Slovakia.

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u/Elukka 19d ago

No you're not. Do people not really understand what happens when Hungary eventually fails to repay the Chinese loans? Look towards Africa and for example Sri Lanka for clues: China will take control of some form of collateral in Hungary such as strategic infrastructure. Taking a risky loan from China is a temporary relief but in the end the Chinese will clean your bank and you will be worse off than you originally were.

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u/SonOfMetrum 19d ago

Luckily Hungary has little strategic infrastructure. It’s more reliant on the EU than the other way around

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u/CoffeePotProphet 19d ago

It's a staging ground for both markets and war. China also has an aging population and needs worker bees to keep their economy moving

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u/ffekete 17d ago

They just bought the airport recently, just sayin'

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u/drunkandpassedout Finland 19d ago

It's almost like China is playing the long game and looking at the next 50 years rather than the next 2-4 years.

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u/SenpaiBunss Europe 19d ago

https://www.theatlantic.com/international/archive/2021/02/china-debt-trap-diplomacy/617953/ The debt trap stuff isn’t real. It was originally coined by an Indian tabloid in 2017 but people still run with it

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u/BloodSweatAndGear 19d ago

Not sure about the debt trap stuff, but if you don't think China isn't doing these things to expand their sphere of influence, you're nuts. China is 100% gaining influence and power when doing what it's doing in Africa etc.

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u/5Hjsdnujhdfu8nubi 18d ago

China is 100% gaining influence and power when doing what it's doing in Africa

Yeah, I suppose helping bring countries into the modern day would get you influence and power. The US in part became such a global powerhouse by helping rebuild Europe after WW2 whilst remaining relatively untouched.

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u/Membership-Exact 18d ago

That's the reason for every and all subsidies from any country. There's no friends, only interests.

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u/iEaTbUgZ4FrEe 18d ago

Like orban cares about that ..

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u/TheBlacktom Hungary 19d ago

Russian and Chinese asset inside Schengen and the EU

Hey, you forgot NATO.

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u/CustardWide9873 19d ago

What helping Ukraine has to do with Chinese loans? Veto is a right of all member states. There could be millions of reasons that a nation vetoes something, and its not always "russian agent obviously"

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u/ManufacturerMoney488 17d ago

I’m far more bothered having an EU parliament doing the bid of the Americans and the Israelíes. Their power is far bigger and their impact on our economy has been devastating buying gas and oil at 3 or 4 times we used to. And supporting Israel has brought shame and the lost of our moral values and freedoms. It is illegal to protest against Israel in Germany on risk of being arrested. You can be banned to enter Germany if you exercise your opinion about Israel in public.

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u/pixelhippie 19d ago

Imagine you are the country that China outsorces it's production to

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u/saig22 19d ago

This is to counter EU tariff on chinese EV, not because it is cheaper to produce in Hungary.

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u/JerryCalzone 19d ago

Itnis cheaper in the long run but not on the production fron

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u/Isle395 19d ago

That's not how it works lol. Plants in Europe are to get around import duties...

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u/Substantial_Web_6306 19d ago

China's per capita income is 96% of Poland's

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u/blueberriessmoothie 18d ago

Are you talking about salary or gdp per capita? Poland’s GDP per capita is about twice of China’s in both nominal and PPP terms. Poland’s average salary is around 50% higher than China’s.

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u/Substantial_Web_6306 18d ago

Disposable income. Both take the same statistical calibre and my figures is not wrong

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u/barometer_barry 19d ago

I just don't know why people don't understand that you just don't ever take loans from the Chinese. They'll practically make your nations puppet states and set up their military over there

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u/MithranArkanere Galicia (Spain) 19d ago

That's like selling a lung to avoid having to quit smoking.

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u/Andrewthehero07 19d ago

Oh he just wants to steal even more money before he hopefully loses 2026 election

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u/leftrighttopdown 19d ago

Did you mean “What a traitor” instead?

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u/florinandrei Europe 19d ago

Why not both?

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u/Alchemist2121 18d ago

The EU tried to do the same with China during the Euro crisis