Hungary quietly takes record $1 billion loan from Chinese banks
Hungary quietly takes record $1 billion loan from Chinese banks, and the implications are certainly raising eyebrows. The fact that this large sum of money will be loaned to North Macedonia, despite assertions that it wouldn’t be from China, is quite dubious. The political connections and implications involved in this transaction raise serious concerns about where the money will truly end up.
It’s worrying to think that this loan, when it inevitably defaults, will leave taxpayers to foot the bill. The close relationships between politicians and those benefiting from these loans are shady at best. The idea that Hungary would opt for such a generous loan from China, and potentially turn away from financial support from the EU, is questionable at best.… Continue reading
John Q. Hosedrinker