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EU Recommends Freezing Funds for Hungary Over Graft Concerns

  • Hungary could lose out on funds from the bloc’s budget
  • Member states have a month to weigh in on the proposal
The Hungarian parliament building in Budapest. 

The Hungarian parliament building in Budapest. 

Photographer: Akos Stiller/Bloomberg
Updated on

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The European Union’s executive arm proposed suspending 7.5 billion euros ($7.5 billion) from its budget earmarked for Hungary over accusations of corruption and fraud.