The fate of thousands of billions of HUF subsidies could be decided.

the HVG article, the European Commission will make a decision on Sunday on whether to withhold EU funds from Hungary. At that time, the European Commission (EC) will decide on the continuation of the rule of law procedure launched against Hungary. Earlier, Népszava wrote about the fact that the EU board is expected to recommend withdrawal of funds to the Council of Finance Ministers, which will make the final decision on the issue. On Wednesday, the Reuters news agency reported that 15.7 billion euros, or about HUF 6,400 billion, could be withheld until 2027 due to Hungarian rule of law problems, mainly due to corruption. The reason for the conviction is that

According to Brussels, the Hungarian government did not provide satisfactory answers to concerns about corruption related to EU subsidies.

The board, which consists of the heads of ministries of the member states, has one to three months to decide whether to punish Hungary with withdrawal of funds or close the procedure.

They are still negotiating

Negotiations between Budapest and Brussels are currently underway. The European Commission has until September 22 to officially respond to the recommendations offered by the Hungarian government to deal with the problems (one of them is the creation of an anti-corruption authority, but other legislative proposals have also been discussed).

If, at their suggestion, the Council of Finance Ministers waits until the end of the year, then the Hungarian government can fulfill all the commitments it verbally agreed with Brussels until then.

otherwise, financial penalties may follow.

Based on a committee letter leaked by Benedek Jávor last weekend, this could mean a withdrawal of approximately HUF 3,500 billion - which is 70 percent of the resources of operational programs that were called on as suspected of corruption based on previous Hungarian public procurement practices.

At the same time, the Commission is under serious political pressure, as there is a much more radical mood in the European Parliament, some members of the EP threatened already in the summer that

initiates a vote of no confidence against Ursula von der Leyen,

after the Commission gave the green light to the Polish Covid-19 economic recovery plan, and similar voices have already been raised in relation to Hungary.

Featured image: EP Press