EU Assembly Boosts Pressure to Withhold Funds from Orban
- European Parliament backs resolution on Hungary’s EU funds
- Motion urges blocking funds until Hungary meets all conditions
Viktor Orban
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
The European Parliament called for withholding further European Union funds to Hungary until Prime Minister Viktor Orban’s government satisfies all criteria aimed at reversing the erosion of the rule of law. The forint dropped against the euro.
The European Parliament voted 345 to 104 on Thursday in favor of a resolution that also orders a legal review of the European Commission’s decision last month to release to Hungary €10.2 billion ($11.1 billion). That was about a third of the funds that were blocked a year earlier for democratic backsliding and graft under Orban’s rule.