It is the first time that the relevant mechanism linking EU subsidies with respect for the rule of law has been used.
The suspension of 65% of European funds from cohesion programs, i.e. almost 7.5 billion euros, he proposed on Sunday the Commission for Hungary on corruption and rule of law grounds.
It is the first time that the relevant mechanism linking EU subsidies with respect for the rule of law.
The Council has one month (with the possibility of an extension of up to three months) to decide whether to give the “green light” to the penalty (requires a supermajority).
“Today’s decision is a clear demonstration of the Commission’s determination to protect the EU budget and use all the tools at our disposal to ensure this important objective.”stressed the Budget Commissioner Johannes Hahn in a statement after the meeting of the College of Commissioners.
“The Commission will monitor the situation and inform the European Council of any relevant information that may have an impact on its current assessment,” the Commission said.
Hungary, according to the Commission, “committed to fully inform the Commission on the fulfillment of the main implementation steps by November 19”.
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