Part 1/8:
Hungary's Economic Struggles and Their Impact on Orban's Future
On January 1st, the European Union (EU) made a significant announcement: it would withhold over a billion euros in structural funds from Hungary. This dramatic decision stems from ongoing disputes between the EU and the government led by Prime Minister Viktor Orban regarding rule of law concerns. Given Hungary's precarious economic situation, characterized by a budget deficit exceeding 4.5% of GDP and a technical recession starting in late 2022, this financial blow arrives at a particularly inopportune time for Orban's Fidesz government.