Péter Magyar has announced that a further EUR 2 billion in European Union funding is to be unlocked for Hungary, adding to a package worth more than EUR 16 billion that he says was secured during talks in Brussels.
Péter Magyar unlocked even more money
According to the Hungarian Prime Minister, additional EU funding could be released following what he described as “last-minute” negotiations. Magyar met European Commission President Ursula von der Leyen in Brussels on Friday, where the pair reportedly agreed on the release of more than EUR 16 billion in funding. The newly announced EUR 2 billion would be added to that total.
According to hvg.hu, Magyar hailed the outcome as a historic victory after difficult negotiations. In a Facebook post, he vowed to bring home every euro owed to Hungary. Following lengthy talks in Brussels, the two leaders reportedly agreed to unlock EUR 16.4 billion in EU funding. Of that sum, EUR 10 billion would come from the Recovery and Resilience Facility (RRF), EUR 4.2 billion from cohesion funds, and a further EUR 2.2 billion earmarked for Hungarian universities.
In a separate post on Saturday, Magyar announced an additional EUR 2 billion for Hungary, although he did not specify where the funding would come from or how it would be spent. Hvg.hu said it had sought clarification from the government but had not received an official response.
EU funds frozen before due to lack of transparency, dismantled democracy
EU funds were frozen by the European Commission over concerns about corruption and the rule of law under Viktor Orbán’s government. Brussels argued that a series of measures had undermined democratic institutions and transparency, and imposed a number of conditions that Hungary would need to meet before the funds could be released. Successive Orbán governments failed to satisfy those requirements, leaving large sums of EU money inaccessible.
The loss of EU funding has weighed heavily on the Hungarian economy in recent years. Despite hopes within the Orbán administration that Chinese, Russian and other alternative sources of financing would help revive growth, those expectations largely failed to materialise. Hungary’s prolonged economic stagnation contributed significantly to Mr Orbán’s electoral defeat and to Magyar’s landslide victory, which delivered 141 seats in the 199-seat parliament.
The result has given Magyar a commanding parliamentary majority, enabling him to pursue sweeping constitutional and institutional reforms over the next four years, including the possibility of drafting a new constitution and reshaping key state institutions.
Check out the details: Historic agreement between Péter Magyar and Ursula von der Leyen about unlocking billions of euros
Orbán says Magyar gave up Hungarian interests for the money
Throughout the election campaign, Magyar repeatedly pledged to secure the release of all frozen EU funds, arguing that the Hungarian economy urgently needed access to the money.
Orbán claimed on Friday that Magyar’s success in Brussels had come at the expense of Hungary’s national interests. He suggested that the new government would be forced to accept migrant quotas, promote LGBTQ policies, and scrap a range of state intervention measures, including price controls and utility subsidies.
Magyar rejected the accusations, saying that von der Leyen had demanded only that his government dismantle what he described as the corruption networks established under previous Orbán administrations — a task, he said, he would undertake willingly.
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What’s the cost to us?
Zero Forints.
no cost but results in better life conditions for all of us in Hungary (Fidesz voters included!).
On the cost that we dont want to hear your bullshit for 4 years.
Take the first flight out to wherever
People like Steiner must be going out of their minds. What a terrible thing according to Orban and his band of things that Hungary is now getting a total of 18.4 billion euros that thief Orban could never get because he refused reforms. The only conditions are anti-corruption and Rule Of Law reforms and those are in everyone’s interest. Orban is standing with his pants down crying about things that are completely meaningless and non-existent. No one is going force migrants on Hungary and the ending of persecution of the LGBTQ community is not going to cause the collapse of society. Oh yeah, and “utility bills”. Are people nuts? 18.4 BILLION EUROS! Tell Orban to go f*ck himself.
I guess any opposition party at all needs to come up with a narrative to counteract the embarrassing fact that a 3 week old government comprised of civilians with almost no political experience accomplished that which the previous government was unable to do in 4 years, despite the benefit of 12 years of experience in government already in the bag when negotiations commenced.
The biggest problem for Orban and the rest of the Fidesz kleptocrats is that Hungary is getting 18.4 billion euros and they have no control to steal as much as of it as they can for own pockets. That is terrible! Hungary should not get money like that without the kleptocrats getting their cut.
well said
Orbán should keep his mouth shut. He hasn’t even taken up his parliamentary seat.
It was interesting to watch this go down from outside of the country.
American’s have seen this play before. The enthusiasm, the festivities following the election of Barack Obama who enabled Iran on its nuclear path (even by sending it pallets of cash in the middle of the night). We watched Barack Obama go to sleep while Russia invaded Crimea in 2014 and watched as he sent Ukraine blankets and handed out stale sandwiches at the demonstrations in Kyiv. We’ve seen the HOPE & CHANGE posters fade in the basements of naive young voters who voted this Empty Suit into ruining the country and given us two wars. These same voters are living in their mommy’s basements and can’t afford their own homes from the inflation the Kenyan and his gofer Biden gave us – and Hungary too. Yes, the inflation you are experiencing, my Hungarian compatriots, was not caused by the last regime, but by our regime in the United States. Then Biden followed suit sending his sickening ambassador to Budapest who, as his first act, interfered in Hungary’s legal system.
We Americans are the source of your troubles – and we are the solution to them.
Sitting in Joe Biden’s lap after an election the Skinny Kenyan had engineered by weaponizing the justice department and by rigging the electoral system, these two blowhards did nothing as Russia invaded Ukraine in 2022. It took Biden a year to send Ukraine weapons and by that time the old fool was on his way back to eating warm soup.
That is where we find ourselves today. It is from where the current leader of the United States is trying to extricate us all. Never mind the mideast, also engineered by these two sitting on their butts as Iran became a huge fortress.
The the two numbskulls, the Empty Suit and the comatose Biden, sat for 12 years in the Oval Office and allowed NATO nations to go to sleep, tucked into their American security blankets, to shirk its responsibilities, and not pay their fair share. After having freed the continent from the Nazis, and Reagan from the communists, the USA had propped up all of Europe for decades funding NATO. Understandably Europe was happy to go for the free ride.
Now it’s over. After the last election in Budapest, we Hungarians are at war. You don’t feel it yet. And you won’t unless the trouble expands. And there’s the “hope” for no change. Do you think hope is a policy?
Whatever hatred some spew at the last leader (I am not the one who will cast the first stone)’ the leader who had no access to the Euro 18 billion when he was in power, we can say he kept Hungary out of the Ukraine quagmire. The new leader on the other hand has access to the E18B, and no one in Hungary is yet aware after the colleges spewed out the kiddies at the behest of their WOKE professors, that naive youth who voted have no sense of history or a historical sense.
Not only have the giddy teens chugging beer at the post-election fever never Googled the “1956 Hungarian Revolution” to see the photos. They have not yet realized that absolute power corrupts absolutely. The E18 billion handed the new regime on a silver platter will be very tempting, low-hanging fruit, and the war Budapest has volunteered for has not yet played out. Trust me on it: wars have consequences. If those consequences do play out the E18 billion will seem chump change if, or after Putin’s drones drop explosives on these kiddie’s campuses interrupting their serious studies into WOKE and LGBTQ+ rainbow T-shit making.
Via Kenyan politics from a socialist gay Empty Suit, the American experiment with Hope & Change wound the nation up with a $40 Trillion debt (about $150,000 per person), no hope, and the only change is what we heard jingling in the pockets of the American people.
As I wrote, the gang which was kicked out of Kossuth Square was simply replaced by a new gang. This one is smiling, gloating, and filled with petty resentment. This mentality is more harmful and dehumanizing to the psyche than the story of a son-in-law buying a hotel in the center of Budapest.
Watching it go down from afar, the American perspective, this was all visible. From the PM’s speech in Brussels, quite audible. Instead of raising the Hungarian people to reach for heights of greatness and generosity, and goodness that is truly the Hungarian soul, that speech was vengeful, resentful, petty, and immature. It made Hungary seem small. Smaller than it already was post-Trianon.
There is no man on earth more than this writer who wants success and greatness for Hungary and its people. MHGA. Make Hungary Great Again!
Hungarians deserve the best, leadership that promises more than the relatively petty money from the EU the state depended on. How will the new regime improve conditions, housing, higher pay, more investment and industry entering Hungary? How will it raise material, structural and social development? Safety? How will it generate national wealth, other than the long-overdue handout from the vengeful EU, those nasty tyrants in Brussels who punished the Hungarian people for years by withholding money due them? For them voting for “the wrong man” four times earlier?
How will Hungary, after being a “Puppet of Putin” and a “Lapdog of Russia” – to use the propaganda of the opposition media and parties – better itself after having become a Puppet of the EU and a Lapdog of Ursula and Germany?
Just askin’!
Lastly, a reminder: Hate, resentment, hope, self-deception, pettiness, are not policy.
Rather, character flaws.
I leave the reader to contemplate the change coming his way and what his own personal hope will bring to the table.
https://andrewgbenjamin.substack.com/