[mac_truck]

Hungary currently has ~75% debt to GDP ratio and its largest creditors are the EU, the EIB, and foreign bondholders. Hungary also has project specific loans with China (2.5B for a railway) and Russia (10B for a nuclear power plant expansion).

The real question is what hoops will Brussels make Budapest jump through to get the ~20 Billion in EU ‘Rule of Law’ funds unfrozen, and will the newly minted Prime Minister acquiesce to their demands or resist?

[dfwgator]

A nation of 10 million doesn’t exactly have a lot of leverage.

[packrat35]

nods of approval and handshakes from Brussels and many other European capitals.

They will make Hungary their bitch.