New EU warning to Hungary Budapest risks cutting off European funds

As part of a procedure, the European Commission sent a new warning to Hungary on Wednesday can Violation of the law leads to the suspension or reduction of certain funds paid to this countryD.

“The Commission considers that Hungary has not taken appropriate corrective measures“A SAPS European Executive in a statement Quoted AFP, According to Mediafax.

Brussels launched the mechanism at the end of April “compliance“ Due to concerns about Hungary’s use of Viktor Orbán’s European budget due to the conditions for awarding public contracts, lack of control and transparency in the use of funds and shortcomings in the fight against fraud and corruption, against Budapest, which has never been used in the EU.

But Hungary’s response to the letter initiating the procedure was deemed insufficient, and Budget Commissioner Johannes Hahn on Wednesday tasked Hungarian authorities with a new letter.

This letter constitutes “activitiesand ” (Suspension or reduction of certain European funds) The Commission wants to propose to the Council – representing the member states – according to the European administration, which does not want to reveal them.

The Hungarian government has one month to address the identified deficiencies. If the Hungarian reaction still does not satisfy the Commission, the Commission will submit the expected approval to the Council, which is responsible for the final decision. Member States must decide by a qualified majority (at least 15 of the 27 states representing 65% of the total EU population).

However, the European executive insists “Remains open to dialogue to find solutions“.

The Commission and Hungary are negotiating to unblock the country’s post-Covid-19 recovery plan, which provides €5.8 billion in EU subsidies – an amount reduced from the €7.2 billion originally planned at the end of June.

The commission has so far refused to green-light the project on grounds related to the country’s rule of law. Without an agreement on Hungary’s recovery and resilience plan by the end of the year, 70% of subsidies will be lost, AFP writes.

Author: MB