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EU Says Assessment of Hungary’s Replies May Take Up to 7 Weeks

April 12 (Bloomberg) -- The European Union said it may take up to seven weeks to assess Hungary’s response to the EU’s concerns that new laws limit the independence of its central bank, judiciary and data-protection agency.

The European Commission, the EU executive in Brussels, is performing a “rigorous analysis” of letters from the Hungarian government on the issues, Olivier Bailly, a spokesman for the commission, told reporters today. Any of the commission’s weekly meetings “between now and the course of May would be a good opportunity” to decide on Hungary, he said.

“It is now for us to have a rigorous legal analysis of these documents,” Bailly said. “We clearly stress that these elements need to be clarified to ensure a safe and stable legal environment that is necessary for any financial-assistance program to be successful in any country.”

Hungarian Prime Minister Viktor Orban may meet with commission President Jose Barroso when Orban visits Brussels to give a speech on April 23, Bailly said. “There is a possibility for a meeting with the president of the commission which is not confirmed yet,” he said.

To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.net

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