Brussels will take action against Budapest and its alleged corruption by not giving the funds to the EU member. The bloc member will not be given the funds totaling $7.5 billion that should be given to Hungary.
The Bloc Refuses To Release Funds to Hungary
According to Budget Commissioner Johannes Hahn, the suspension is intended to safeguard the EU's funds. When speaking to the press, he stated that the decision is a clear example of the Commission's determination to secure the EU budget and employ all available tools to achieve this objective, reported RT.
The funds would come from Hungary's "cohesion monies," which are intended to assist EU countries in delivering their economies up to the Bloc's requirements.
In April of this year, Brussels initiated an unprecedented protocol against Hungary. For instance, the Hungarian government recently claimed that it seeks to create an anti-corruption authority that will supervise the utilization of EU funds by the end of September.
Nevertheless, Hahn mentioned that Hungary's timeframe to adequately enforce the appropriate precautions is extremely narrow, noted CSM Times.
He stated that there is still a threat to the funding at this phase, and therefore we cannot reach the conclusion that the EU budget is appropriately secured.
The Commission's proposition is now awaiting approval by the EU Council, which will make its judgment within one month. Hungary will then be given one month to respond or request a postponement, which implies the Commission might freeze the financing as early as November 19.
The government is expected to suggest a set of anti-corruption policies next week and mention that it will be prepared to implement the vast bulk of its "corrective" provisions by that closing date, citing the Thread Times.
In a symbolic vote not favorable to Viktor Orban's government earlier this week, members of the European Parliament proclaimed that the bloc member is no longer eligible as a constitutional republic and that it has become rather a hybrid system of voter autocracy due to the country's alleged lack of regard for basic rights and the rule of law.
Hungary an Autocratic State
The purely symbolic event is triggered as the EU is supposedly getting ready to cut financial support to offending members, mentioned News 7D.
With the EU criticizing Hungary for corrupt practices and Prime Minister Viktor Orban disobeying the Bloc on migrants and anti-Russian punitive measures, the schism between Budapest and the EU is increasing, as the European Parliament on Thursday ended up voting to classify the rebellious state as an electoral autocracy.
By a vote of 433 to 123, the legislature voted to change Hungary's status from "democratic" to a "hybrid regime of electoral autocracy."
Hungary opposed a report, which is yet another effort by federalist European political parties to disparage Hungary and its Christian-democratic, conservative government and is predicated on subjective views and blatantly partisan statements.
Brussels is keen on sanctioning Budapest by not releasing funds due to alleged corruption. The bloc member has not sanctioned Russia and opposed the EU many times as well.
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