EU proposes to suspend billions in funds to Hungary

Source: ABC News

“The European Union’s executive branch recommended Sunday that the bloc suspend around 7.5 billion euros (dollars) in funding to Hungary over concerns about democratic backsliding and the possible mismanagement of EU money. The European Commission, which proposes the bloc’s laws and ensures that they are respected, said it was acting ‘to ensure the protection of the EU budget and the financial interests of the EU against breaches of the principles of the rule of law in Hungary.’ … Any action to suspend the funds must be approved by the EU member countries, and this requires a ‘qualified majority,’ which amounts to 55% of the 27 members representing at least 65% of the total EU population.” (09/18/22)