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Reuters
Reuters
Business
By Gabriela Baczynska

EU lawmakers raise pressure to cut funds for Hungary over graft woes

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

A large majority of European Union lawmakers voted on Thursday to condemn damage to democracy in Hungary under veteran Prime Minister Viktor Orban, stepping up pressure on the bloc to cut funding for the ex-communist country.

Citing corruption risks, the European Commission is expected to recommend later this week suspending billions earmarked for Budapest from the bloc's 1.1 trillion euro ($1.1 trillion) shared budget for 2021-27.

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