EU proposes to suspend billions in funds to Hungary

Written by  September 19 2022 font size decrease font size increase font size 0
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The European Union's executive arm has proposed suspending seven point five billion dollars in financing for Hungary, as it awaited potential game changer anti-corruption reforms from Budapest.

The European Union and Hungary have been at loggerheads for months, with Brussels suspecting the government led by nationalist Prime Minister, Viktor Orbán of undercutting the rule of law and using EU money to enrich its cronies.

The European Commission's budget commissioner, Johannes Hahn, told a media conference yesterday that the EU's executive proposed suspending the commitments for cohesion programmes and cohesion policy amounting to an estimated amount of seven point five billion dollars.

On Saturday, Hungary's government said that MPs would vote next week on a series of laws aimed at easing the conflict.

 

The measures are expected to include setting up independent anti-corruption watchdogs to monitor the use of EU funds as well as steps to make the legislative process more transparent.

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