FT: EU To Ease Rules To Cut Funding
- 3 May 2018 2:20 PM
- Hungary Around the Clock
The EU plans to simplify the procedure for cutting off financial support for certain members states where it sees that the rule of law is at risk such as Hungary and Poland, several Hungarian papers reported on Monday, citing a Financial Times report.
The European Commission plans to submit a proposal under which EU member states could suspend with a qualified majority vote the payment of funds to member states that jeopardise the independence of the judiciary, for instance Hungary and Poland, the FT said.
Article 322 of the EU basic treaty would be referred to during the enactment of the new regulation.
Unlike with the Treaty’s Article 7, there would be no need for a unanimous vote, only for the qualified majority of the EU members, to suspend the payments to states “where problems with the rule of law endanger successful finances.”
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