EU to deprive Hungary of billions in funds ...News

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EU to deprive Hungary of billions in funds
Brussels moves to punish Budapest for alleged corruption The European Commission on Sunday proposed withholding $7.5 billion of funds allocated to Hungary, due to corruption concerns. The suspension is aimed at protecting the bloc’s budget, according to Budget Commissioner Johannes Hahn. “Today’s decision is a clear demonstration of the Commission’s resolve to protect the EU budget, and use all tools at our disposal to ensure this important objective,” the commissioner told reporters. The money would come from thee “cohesion funds” granted to Hungary, which are intended to help EU countries bring their economies u

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