The Hungarian Parliament voted to approve the judicial reform package needed to unlock €13.2 billion from the frozen EU cohesion funds on Wednesday, May 3rd, a day after the Hungarian prime minister met with Johannes Hahn, the EU’s budget commissioner in Budapest.
Even if the reforms were technically approved by the EU, it could still take months until the European Commission gives the final green light for releasing the funds, while the rest of the €27.8 billion of EU funds it decided to withhold from the country last year will remain tied to further legislative steps.
[FULL STORY HERE]
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