Europe: EU in Dispute with Hungary Over Corruption and Funding

The European Commission is increasing pressure over a corruption allegation which stems from the wake of the recent election. This is significant as it is the first time that the EU is applying new regulations to withhold funds from a country that breaches the rule of law.

This could have a big impact on Hungary which is expecting $7.8bn from the EU following the pandemic and $24bn by 2027. The funds are tied to Hungary implementing new anti-corruption measures within the country.

Read more on the Financial Times

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