European Commission Releases Ten Billion Euros to Hungary: Latest Updates and Implications

2023-12-13 17:58:09

The European Commission has released the payment of ten billion euros to Hungary, which had previously been blocked due to the lack of rule of law in the country. Prime Minister Viktor Orbán’s government has taken the necessary steps to justify the release of the funds, according to Brussels. However, additional budget funds of almost twelve billion euros as well as billions in Corona aid remained blocked.

The decision was made on the eve of the EU summit on Thursday and Friday, which will discuss further aid to Ukraine and the start of EU accession talks with Ukraine.

Orbán has so far blocked these plans – and reiterated his rejection this Wednesday evening. Ukraine joining the EU “would have unforeseeable consequences and would serve neither the interests of Hungary nor the European Union,” he said in parliament in Budapest. There is no debate about this within the EU, he criticizes; instead, people are “bumping their heads against the wall.”

It is now eagerly awaited whether the release of the funds will change this attitude.

EU Justice Commissioner Didier Reynders justified the release by saying that Hungary had met all agreed requirements with the recent judicial reforms and that there were now sufficient guarantees to say that the independence of the judiciary in Hungary was being strengthened. However, today’s decision is not the end of the process. We will continue to monitor the situation closely and react early if there are any setbacks.

The European Commission has released the payment of ten billion euros to Hungary, which had previously been blocked due to the lack of rule of law in the country. Prime Minister Viktor Orbán’s government has taken the necessary steps to justify the release of the funds, according to Brussels. However, additional budget funds of almost twelve billion euros as well as billions in Corona aid remained blocked.

The decision was made on the eve of the EU summit on Thursday and Friday, which will discuss further aid to Ukraine and the start of EU accession talks with Ukraine.

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