Hungary could choose to move out of the Euro-group but it will be impractical decision. Going closer to Beijing will lead to Budapest getting trapped in China's debt-trap diplomacy.
End of US hegemony
Russia's invasion of Ukraine policy in the Eastern Europe region, China's growing influence on the global level & the same time capitol attack, and...
India and China's support of Russia in the Ukraine crisis and maintenance of strong relations are aimed at gaining 'strategic leverage' at the global level.
The term "debt-trap diplomacy" means a creditor country extends huge sums of debts to borrowing nations to increase lenders' political leverage and to exploit geostrategic interests. It was coined by Indian columnist 'Brahma chellaney'.
The sudden collapse of NATO without proper militarization of western Europe will be a 'gift in a decade' for Russia as it aims to revive its prowess in Europe.