Hungary’s finance minister urges change in Brussels

Finance Minister Mihály Varga urged change in Brussels after an informal Ecofin meeting in Ghent on Saturday.

In a video message recorded in a soccer stadium, where the Ecofin meeting was held under the EU’s Belgian presidency, Varga said one of the meeting’s main topics was the challenges concerning “a competition for the EU’s competitiveness”.

He said the gap between the competitiveness of the American and Asian economies and that of Europe had been growing increasingly wider over the last 20 years, to Europe’s detriment.

One reason, he said, was overregulation and bureaucracy, which was causing the EU to fall behind in areas such as innovation and capital markets.

Varga said the European Parliament elections in June would provide an opportunity to bring change to Brussels.

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1 Comment

No Moonlighting : says:

25/02/2024 at 20:09

Mihaly Varga – Finance Minister, a “Founding Father” along with Victor Mihaly Orban of Fidesz, doesn’t enjoy over-all, a respected relationship with Brussels, the European Union.
In line with his Prime Minister – Victor Mihaly Orban, they go way back, in friendship, the Finance Minister, just doesn’t understand that you can’t have a “split position”.
It’s either you are fully on-board support the European Union or you are NOT, and oppose reject them.
YOU can’t have a bit of both sides – what’s best under the Fidesz ways and European Union – hoping to “mix” them.
NO “double dipping” – one or the other and what you are suggesting WRONGFULLY again Minister of Finance – Mihaly Varga, will be viewed in Brussels as yet again Hungary, the Government of Orban wanting to Double Dipp.