EU may punish Hungary for pro-Russian policy
The European Commission has laid the groundwork for a possible compromise that would allow Budapest to save money.
The European Commission has recommended suspending some €7.5 billion of funding for Hungary. The reason was the possible misuse and rollback of democracy in the country.
EU Budget Commissioner Johannes Gan said that despite measures Hungary has proposed to address these shortcomings, the European Commission is recommending a suspension of funds "to the tune of approximately €7.5 billion".
Gan added that the European Commission has laid the groundwork for a possible compromise that would allow Budapest to save money. Hungary has until November 19 to do this. The 27 member states of the EU must vote for the suspension of funding. The decision will be made if it is approved by a "qualified majority", which is 55% of 27 countries or 65% of the population of the European Union.
In the meantime, the Commission will monitor the situation and keep the EU Council informed of any elements that may affect its current assessment.
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