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  5. EU to unlock 16 billion euros for Hungary as Magyar pushes for post-Orban reforms

EU to unlock 16 billion euros for Hungary as Magyar pushes for post-Orban reforms

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The European Union will release over €16 billion of previously frozen funds to Hungary, EU Commission President Ursula von der Leyen announced on Friday. She cited "long overdue reforms" carried out by newly elected Prime Minister Peter Magyar as the reason for the thaw. The funds had been blocked during Viktor Orbán’s tenure amid accusations of corruption and democratic backsliding.

  1. DE
    Ursula Von Der Leyen
    European Commission
    1. In only a few weeks, you have driven forward long overdue reforms.
    2. We can already feel a strong wind of change across Hungary.
  2. HU
    Péter Magyar
    Tisza
    1. We are working, we are fighting, we are fighting for the last euro cent.
    2. We will bring ​this money home, as we promised, to rebuild Hungary, to jump start the economy, to restore and develop public services, and to strengthen the competitiveness of Hungarian companies and small and medium-sized enterprises.
    3. There were some points when I thought it was hopeless and not feasible so quickly.
  3. HU
    Viktor Orban
    Fidesz
    1. What Hungarian interests has [Peter Magyar] sold out to Brussels? There's no such thing as a free lunch.
  4. HU
    Julia Pocze
    Center for European Policy Studies
    1. If Magyar's government keeps its promises, then this trust is well-placed, but they are taking a risk.
    2. The Commission is meeting Hungary halfway, and is trying to do what it can to bring it back into the European mainstream.
    3. They talked a lot about wanting to legislate in a way that allows for proper debate, or even consultation with the public.
  5. HU
    Zsolt Darvas
    Bruegel
    1. It signals to investors that legal certainty is strengthening, which could stimulate investment appetite, regardless of the arrival of EU funds.

sources

  1. 1.France 24
  2. 2.DW News
  3. 3.Taipei Times
  4. 4.The Guardian
  5. 5.The Irish Times
  6. 6.Agence France-Presse
  7. 7.Reuters

perspectives

  1. 1.Russian Foreign Policy
  2. 2.Immigration to Europe
  3. 3.European Commission under Ursula von der Leyen
  4. 4.European defense
  5. 5.Hungary under Viktor Orbán
  6. 6.Poland under Donald Tusk

countries

  1. 1.HungaryHU
  2. 2.UkraineUA
  3. 3.PolandPL
  4. 4.BelgiumBE

organizations

  1. 1.European Commission
  2. 2.European Union
  3. 3.Tisza
  4. 4.Court of Audit
  5. 5.European Public Prosecutor's Office
  6. 6.International Criminal Court
  7. 7.Bruegel
  8. 8.Center for European Policy Studies
  9. 9.Fidesz
  10. 10.North Atlantic Treaty Organisation

persons

  1. 1.Ursula Von Der LeyenDE
  2. 2.Péter MagyarHU
  3. 3.Viktor OrbanHU
  4. 4.Donald TuskPL
  5. 5.Bart De WeverBE
  6. 6.Gergely KarácsonyHU
  7. 7.Géza Buzás-Hábel
  8. 8.Julia PoczeHU
  9. 9.Mark RutteNL
  10. 10.Paula PinhoPT
  11. 11.Zsolt DarvasHU

technicals

  1. 1.Budapest Pride