Watch: Minister Varga Says Hungary Very Optimistic EU Funds Won't be Withheld

  • 24 Nov 2022 1:16 PM
Watch: Minister Varga Says Hungary Very Optimistic EU Funds Won't be Withheld
The Hungarian government is "very optimistic" the European Commission will abandon its threat of withholding billions of euros of EU funds from Budapest after the government implemented a swathe of reforms to curb rule of law concerns.


Brussels threatened in September to not disburse €7.5 billion of regular EU cohesion funds to Hungary through the new rule of law mechanism, with an additional €5.8 billion in pandemic recovery funds also provisionally withheld.

Combined, this amounts to nearly 10% of Hungary's estimated 2022 GDP.

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