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Brussels releases €10 billion in frozen EU funds for Hungary amid Orbán's threats

  • The European Union has granted Hungary access to 10.2 billion euros in frozen funds, after concerns about democratic backsliding by Prime Minister Viktor Orban's government were addressed.
  • The funds mainly consist of "cohesion funds" for maintaining infrastructure at EU standards, and the European Commission will closely monitor Hungary's compliance.
  • Hungary's ailing economy, which narrowly avoided four straight quarters of contraction, will benefit from the access to frozen funds.
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Seit Jahren streiten Brüssel und Budapest um den Zustand der Justiz in Ungarn. Nun kommt die EU-Kommission Ungarns Präsident Orban entgegen - kurz vor dem EU-Gipfel über die Ukraine.Die Europäische Kommission gibt zehn Milliarden Euro an eingefrorenen EU-Geldern für Ungarn frei - trotz anhaltender Kritik an der Rechtsstaatlichkeit in dem Land. Die Brüsseler Behörde begründete den Schritt damit, dass Ungarn die erforderlichen Voraussetzungen dafü…

·Germany
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Bias Distribution

  • 44% of the sources lean Left
44% Left

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Tichys Einblick broke the news in on Tuesday, December 12, 2023.
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