Brussels suspends funding to Hungary over alleged irregularities

FINANCIAL TIMES: Brussels has put on hold some EU funding to Hungary after it found alleged irregularities in the way development subsidies have been managed by Budapest…

Mr Todd added that the precise sums withheld would depend on the outcome of talks between the commission and the Hungarian authorities, indicating that a meeting was likely to take place this month.

While Hungary is desperate for EU money to finance much-needed investment projects, the moves are yet another sign of the troubled relationship between Brussels and the Fidesz government of Viktor Orbán, prime minister, which took office in 2010… (more)

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