From EUobserver · · 1m
MEPs warn against EU rush to restart Hungary funds
MEPs caution EU's fast move to unlock €4.2bn for Hungary amid corruption risks.
In brief
MEPs caution EU's fast move to unlock €4.2bn for Hungary amid corruption risks. MEPs warn EU's rapid release of €4.2bn funds to Hungary risks corruption as new government reforms lag. Originally reported by EUobserver.
EU funds freeze
The EU froze financial assistance to Hungary in 2022 due to rule of law breaches and fund misappropriation by Viktor Orbán's government.
MEPs warn on speed
Budget committee MEP Daniel Freund said the EU is 'going a bit too fast' in unlocking €4.2bn for Hungary.
“going a bit too fast”
Funds release timeline
The EU commission's proposal to unlock €16.4bn requires council approval one month after its September 23 announcement.
Corruption concerns
MEPs found 'the same risks of corruption exist' and 'new laws are fragile in implementation' in Hungary.
“the same risks of corruption exist”
Political pluralism
MEPs noted 'no real political pluralism in Hungary' with most companies still owned by the same few people as Orbán's rule.
“no real political pluralism in Hungary”
What happens next
The EU Parliament can pressure funds release but decision remains with commission and council.
What to remember
MEPs warn EU's rapid release of €4.2bn funds to Hungary risks corruption as new government reforms lag.
