L-R: Viktor Orbán and Mario Draghi
A year ago, Mario Draghi sounded the alarm bells in Budapest: the European Union’s competitiveness is in ruins. The bureaucrats in Brussels did not take it seriously.
Today, according to Draghi, the situation is even worse, Prime Minister Viktor Orbán wrote on his Facebook page on Tuesday. He stated, “We must keep Hungary on track for development in this environment. We will succeed!”
“We have launched the largest home creation program in Hungary’s history. We have launched a family-friendly tax revolution that is unique in Europe. Instead of foolishly cutting ourselves off from Russian energy, we have protected our utility price cuts through the smart use of green energy,” the prime minister said.
Viktor Orbán added, “Brussels is on the wrong track. We will continue on our own Hungarian path!”
Fact
Mario Draghi, former president of the European Central Bank, was tasked by the European Commission to prepare a comprehensive report on the state of the EU’s competitiveness. His findings, published in September 2024, warned that Europe risks falling irreversibly behind the United States and China unless it undertakes urgent reforms to boost innovation, reduce overregulation, and address soaring energy costs. Draghi highlighted structural weaknesses in productivity, research and development, and industrial capacity, calling for bold EU-wide measures to restore Europe’s global economic weight.
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Via MTI; Featured photo: Facebook/Orbán Viktor
The post Hungary Will Stay on Its Own Path Amid EU Competitiveness Crisis, Says Prime Minister appeared first on Hungary Today.
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