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.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
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.