Viktor Orban turns to foreign debt, much to his horror
Since taking power in 2010, Hungary's prime minister has sought to curb the influence of foreign creditors
23 April 2020 - 15:40
Budapest — Hungarian Prime Minister Viktor Orban used the coronavirus crisis to consolidate his power at home, but now he finds himself having to cede some leverage to foreign investors.
His decade-long drive to shield Hungary’s economy from outside influence was derailed, at least temporarily, as the government quadrupled the amount it targets to borrow on international markets to fund its stimulus response. A day after announcing the plan, the government was selling euro-denominated bonds Thursday...
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