Budapest's Credit Downgrade: A Political Storm
Update: 2025-12-30
Description
Budapest faces a credit downgrade amid a heated financial dispute with Prime Minister Viktor Orbans national government. The citys mayor, Gergely Karacsony, blames the governments tax policies, while Orban offers a financial lifeline. The feud involves legal fights over tax payments and EU funds, with parliamentary elections looming and the opposition leading polls. Moodys warns of higher default risks and possible rushed debt repayments due to cash flow concerns. Checkout Solipillow.com
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
