[Ticker] Orban calls EU Commission recovery plan 'absurd'

Hungary's prime minister Viktor Orban on Friday called the EU Commission's €750bn recovery plan "absurd", saying it is based on jointly-guaranteed credit and would help rich member states more. "They want to take out this loan for 30 years, so even our grandchildren may have to pay for it. We need to think carefully about whether we as a country want this or not," he said.