The European Commission is proposing to unblock €4.2 billion in funds for Hungary, previously frozen due to corruption allegations against the former government led by Viktor Orban. This decision comes as the Commission acknowledges reforms made by the new government under Prime Minister Peter Magyar, aimed at strengthening the rule of law and addressing issues in public procurement and anti-corruption measures.
Ursula von der Leyen, President of the European Commission, stated that Hungary has taken significant steps to protect the EU’s financial interests. The reforms implemented are seen as crucial for restoring trust and enabling Hungary to participate in European academic and research programs once again.
The unblocking of funds is not just a financial relief; it also signals a potential shift in Hungary’s relationship with the EU. The previous government’s confrontational stance towards the EU has been replaced with a more cooperative approach, which could lead to further integration and support from European institutions.
However, the proposal still requires approval from EU member states. If successful, this could pave the way for Hungary to access a total of €16.4 billion in earmarked funds, contingent on continued compliance with the proposed reforms and commitments to uphold democratic standards.
Source: DW News
