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Politics

EU Steps Up Multi-Billion Euro Budget Fight With Hungary

  • Commission sending new warning to Hungary over rule of law
  • Orban’s regime may eventually be denied billions of euros
Viktor Orban

Viktor Orban

Photographer: Valeria Mongelli/Bloomberg
Updated on

Hungary has so far failed to allay European Union concerns over alleged corruption and violations of the rule of law, paving the way for an escalation of a budget standoff with the nation.

The European Commission on Wednesday decided it will take the next step under the EU’s so-called conditionality mechanism and issue a new warning letter telling Prime Minister Viktor Orban to take action or risk losing billions of euros in crucial funding.