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Hungary Seeks Allies Against EU Fund Freeze, Vilaggazdasag Says

Feb. 28 (Bloomberg) -- The Hungarian government is seeking allies among European Union countries to help it prevent a proposed suspension of EU development funds, Vilaggazdasag said, citing unidentified diplomatic sources.

Hungary, which has 12 votes, needs 91 votes to block the proposal at a March 13 vote of EU finance ministers, the Budapest-based daily said.

The Czech Republic, which also has 12 votes, said earlier it was opposed to the partial freeze of funds, according to the paper.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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