Burning the EU flag has turned into a hobby for numerous European nations. After the Spanish, Italians and Brits now the Hungarians expressed their anger towards the EU by burning the flag of the 'union'.

Thousands Hungarians protested against the EU today at a rally, calling for Hungary's exit from the bloc and adding pressure on the government which is seeking a funding deal with the EU and IMF to avert insolvency.

Two MPs of Jobbik, the second biggest opposition party in Hungarian parliament, set an European Union flag on fire at the protest in front of the European Commission offices in Budapest.

"This week the EU declared war on Hungary in a very harsh and open way," Csanad Szegedi, a Jobbik member of European Parliament told the crowd of around 10,000 demonstrators.

After talks with lenders were derailed last month over a set of disputed laws, a plunging forint currency and spiking bond yields forced Prime Minister Viktor Orban's conservative government to back down and try to seek a fast agreement.

Orban is now reluctantly trying to make amends to lenders in order to secure a funding deal, which Hungary needs to be able to finance its debts from markets at a time when its economy is heading for a possible recession this year.

The EU has piled pressure on the government to change controversial legislation on its central bank and judiciary, and even raised the prospect of suspending vital EU funds to the economy if Orban does not make budget deficit cuts sustainable.