Hungary Expat Forum

Hungary in the EU after the UK has gone

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Showaddywaddy

3/21/2017 22:43 EST

The UK provides 12% of the EU budget. There are lots of EU countries who are and will continue to be net receivers of EU funds. Germany and France also have founder-member privileges. So with the UK out it will not take many more exits to destroy the EU. Maybe France and The Netherlands will leave.

So with the EU facing a weak financial future or a complete collapse how would Hungary cope in these circumstances? Is Hungary now a net receiver of EU funds?

There is some hope for the EU. After the UK exit the economic powerhouse that is Scotland may leave the UK and join the EU.

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borschelrh

3/22/2017 02:20 EST

In Hungary's case it isn't a total meltdown because we didn't evey transition to the Euro and have relatively low economic demands. A large amount of the EU funds are used for trivial things anyway so losing it will only hurt those at the top siphoning off the funds for their personal benefit. It is not all good and it looks like the rubicon is going to be over forced acceptance of economic refugees. Hungary (and Poland) will never accept a forced solution. With Italy facing imminent economic collapse and France not far behind the ECB cannot support this enormous credit based economy. The debts are simply too high now. With the US pushing and the EU agreeing for an all out war with Russia it could collapse in one day should some idiot somewhere in the military decide to do something stupid. I do not believe the EU will survive into 2020 at least not as it is structured unequally now.

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peddington

3/22/2017 09:05 EST

Most of what "bor" said I agree. One issue Hungary would face is the return the hundreds and thousands of Hungarian guest worker working in other EU countries. Certainly this would raise the unemployment rate. The other issue may be that there are some powerful forces that have a vested interest in the EU surviving. The could manipulate the outcome behind the scenes. After all Greece was given more than one reprieve, etc. LOL!

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