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EU Diplomats Concerned Orban Could Upend Summit

HUNGARY
  • Focus in Brussels remains on Orban's recent protests against the nature of EU pledges for financial aid to Ukraine, with Bloomberg citing sources in reporting that diplomats are concerned the requests could throw the leaders summit (Dec 14-15) Into disarray. Market concern surrounds whether Hungary could be further cut off from EU funding, with the European Council President Michel set to meet with Orban today.
  • Over the weekend, Orban detailed his plans to make Budapest a meeting point for companies across the east and west to do business.
  • The week's data schedule is back-loaded, with PPI due Thursday ahead of GDP and trade balance stats on Friday.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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