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Reuters
Reuters
Business
By Jan Strupczewski

EU gives Hungary a month to act before moving to suspend funds

FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 17, 2022. REUTERS/Yves Herman/File Photo

The European Commission gave Hungary a final month to address its concerns about the rule of law before asking European Union governments to suspend some of the funds Hungary is to get under the bloc's 2021-2027 budget.

The new deadline is part of an EU process, called the "conditionality mechanism", meant to protect the EU's financial interests against breaches of rule of law by an EU government. It is separate from other procedures over the rule of law that the EU has launched against Hungary.

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