The finally approved cheap EU loan could also bring us closer to the Hungarian euro.

Hungary will take a significantly reduced EU defense loan of €5.4 billion, approved by the European Commission, compared to the originally requested €17.4 billion. This funding, part of the SAFE program, aims to enhance defense capabilities and can also support dual-use infrastructure projects. Concerns about corruption and the effectiveness of the original proposal led to this adjustment. The loan amount corresponds to about a year of Hungary's defense spending and could help reduce the budget deficit, which is crucial for adopting the euro. The government’s plans for utilizing this loan remain uncertain, but it may facilitate financing at better terms.