The EU countries asked a few days ago to update their assessment of the changes in the regulations adopted by Budapest. The EC published its analysis at the end of November, and the Hungarian parliament adopted further bills this week.
The EC blocks money for Hungary. “There is still a risk”
Although the Commission appreciated Hungary’s effort, it considered that the changes in the regulations were insufficient. “Despite the actions taken by , there is still a risk to the EU budget and the latest legislative changes adopted by Hungary have not changed this,” wrote Johannes Hahn, the budget commissioner, in a letter to the Czech presidency, stressing that the Commission’s assessment remains valid.
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Now the EU countries will make the final decision. They have until December 19 to do so. Blocking 30% of funds (€7.5 billion) from the EU budget is bundled together with Hungary’s recovery plan (KPO), which must be approved by the end of the year – otherwise Budapest will lose 70 percent of the €5.8 billion pool.
Hungary blocks aid to Ukraine, now it may lose part of EU funds and most of KPO
Member States have so far delayed their decisions because . – Unfortunately, we cannot accept the package in its entirety, but we do not give up our ambitions. We will start payments to Ukraine from January, we will look for a solution supported by 26 member states, said Czech Minister Zbynek Stanjura.
There are signals from many capitals that without Budapest’s approval for a package of cheap loans for Ukraine, the Hungarian recovery plan will not be approved this year, and a proposal to freeze funds from the EU budget will also be adopted.
Source: Gazeta
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