Gyurcsány’s DK files request about EUR 1 billion loan Orbán’s cabinet took out from China
The Democratic Coalition will file a request to the State Debt Management Centre for information concerning the terms of a one-billion-euro loan the government has recently taken out from China, László Varjú, the opposition party’s deputy leader, told an online press conference on Wednesday.
The government “seeks to conceal” what they want to use the huge amount of money for, and suggested that Hungary’s taxpayers would be repaying the loan for decades.
“We don’t know what interest we’ll have to pay on the Chinese loan,” he said, adding that the term of the loan was also unclear. “We do not know either which Fidesz-billionaire’s company the money will benefit,” Varjú added.
Through providing the loan, China will make Hungary “dependent, not only in an economic but in a political sense”, Varjú said. Prime Minister Viktor Orbán “has put on the Chinese leash in return for further billions they could loot,” he said.
Taking a loan from China is “a shining proof” that “the government’s austerity measures have yielded even less in state revenues … and because of the empty coffers it will take out further and further loans and introduce more and more austerity,” Varjú said.
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