Hungary Told To Repeal Law Banning LGBT Promotion To Children "Or Else Leave EU"
(www.zerohedge.com)
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Isn't that precisely the reason cited for why joining the EU was a devastating mistake for Greece? Tying their economy to a country like Germany through the euro is crippling them.
For Greece, yes. Hungary and Poland for example do not use the Euro. They keep saying they will eventually do so, but have delayed for almost two decades now.
This is how they are able to maintain independence while still benefiting from being in the EU, and why any pressure from the EU has not meant much. They will never give up sovereignty, and the EU is too afraid of losing members to do much about it.
I predict the status quo will remain until the EU falls apart.
This is the problem with turning your trade agreement into a supra-national prestige project. Conflicting goals.
Economically, it would seem to make sense to turn Hungary loose - there's a lot of investment required before any chance of return.
Politically ... it's fairly clear Hungary is intended to become a debt colony eventually, they just won't comply for now. So the EU will keep hammering away at it until Hungary makes a mistake and gives the EU the opportunity to annex their economy.