Orban: Hungary to maintain work-based economy (adds details)

Hungary will resist falling into the trap of introducing blanket welfare measures during the novel coronavirus epidemic, Premier Viktor Orban said on Friday. The government will soon unveil the "biggest economic stimulus plan in the country's history". Key elements of the stimulus package are job preservation and job creation. He said the government would not give up its fundamental approach of nurturing a work-based economy, and dismissed the approach of returning to a welfare-based economy, explaining that would require the country to borrow, probably from abroad, and get backed into a place "where the IMF and financial speculators of the like of George Soros are waiting for us".