The Fort Worth Press - Hungary's anti-graft measures to get blocked EU funds

USD -
AED 3.6725
AFN 65.000196
ALL 81.391909
AMD 361.239406
ANG 1.789785
AOA 917.999806
ARS 1545.496601
AUD 1.449769
AWG 1.8
AZN 1.723681
BAM 1.754002
BBD 2.017139
BDT 124.801578
BGN 1.747831
BHD 0.378365
BIF 2996.530984
BMD 1
BND 1.283357
BOB 12.019192
BRL 5.498901
BSD 1.001533
BTN 94.051388
BWP 13.796287
BYN 2.99922
BYR 19600
BZD 2.01427
CAD 1.40965
CDF 2319.999629
CHF 0.818525
CLF 0.024737
CLP 973.559891
CNY 6.676495
CNH 6.67066
COP 3248.53
CRC 454.199123
CUC 1
CUP 24.036716
CVE 98.887942
CZK 21.769787
DJF 178.345091
DKK 6.681965
DOP 60.855691
DZD 136.172998
EGP 53.96599
ERN 15
ETB 164.375174
EUR 0.89385
FJD 2.265599
FKP 0.74879
GBP 0.745556
GEL 2.595029
GGP 0.74879
GHS 11.707995
GIP 0.74879
GMD 74.495196
GNF 8870.64244
GTQ 7.657056
GYD 210.062329
HKD 7.84154
HNL 26.917595
HRK 6.76901
HTG 131.239077
HUF 324.514496
IDR 18080
ILS 3.16835
IMP 0.74879
INR 93.85705
IQD 1519.035021
IRR 1891353.000047
ISK 122.269707
JEP 0.74879
JMD 158.950846
JOD 0.709009
JPY 157.9455
KES 129.929936
KGS 87.449956
KHR 4080.352101
KMF 441.999984
KPW 899.999961
KRW 1346.294985
KWD 0.31088
KYD 0.834734
KZT 448.920502
LAK 22531.676206
LBP 89685.278642
LKR 333.053958
LRD 170.342137
LSL 16.562805
LTL 2.95274
LVL 0.60489
LYD 6.409165
MAD 9.794718
MDL 17.901738
MGA 4550.9551
MKD 54.988543
MMK 2099.456394
MNT 3601.166008
MOP 8.088606
MRU 40.43421
MUR 47.079659
MVR 15.402003
MWK 1736.659525
MXN 18.56909
MYR 4.058799
MZN 63.897333
NAD 16.563177
NGN 1349.559921
NIO 36.85942
NOK 9.404435
NPR 150.409201
NZD 1.78208
OMR 0.38453
PAB 1.002108
PEN 3.451773
PGK 4.564503
PHP 63.231991
PKR 276.992712
PLN 3.9194
PYG 6260.364471
QAR 3.662795
RON 4.776403
RSD 105.161011
RUB 82.298159
RWF 1478.264377
SAR 3.760516
SBD 8.048583
SCR 13.84139
SDG 601.496805
SEK 9.827215
SGD 1.27996
SHP 0.748923
SLE 22.95013
SLL 20969.504398
SOS 572.355712
SRD 37.583503
STD 20697.981008
STN 21.961965
SVC 8.76732
SYP 13001.999685
SZL 16.557158
THB 33.496975
TJS 9.243442
TMT 3.5
TND 2.998341
TOP 2.40776
TRY 50.179901
TTD 6.791952
TWD 32.835703
TZS 2644.997974
UAH 45.371507
UGX 4098.470921
UYU 40.312094
UZS 11956.414511
VES 896.316403
VND 25515.5
VUV 119.26207
WST 2.787824
XAF 586.32705
XAG 0.018975
XAU 0.000243369401
XCD 2.70255
XCG 1.805838
XDR 0.707052
XOF 586.32705
XPF 106.954845
YER 236.625008
ZAR 16.445535
ZMK 9001.199378
ZMW 20.350666
ZWL 321.999592
SSP 5745.232324
MXV 2.087494
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Hungary's anti-graft measures to get blocked EU funds
Hungary's anti-graft measures to get blocked EU funds / Photo: © APA/AFP/File

Hungary's anti-graft measures to get blocked EU funds

The government of Hungarian nationalist Prime Minister Viktor Orban is proposing a raft of anti-graft measures to unlock billions of euros in blocked EU funds as the country confronts an economic downturn.

Text size:

Here are key questions regarding the issue:

- What to expect from the reforms? -

The government tabled amendments in parliament on Monday with more to follow on Friday for a total of 17 key changes, which are expected to be waved through.

The measures aim to create independent anti-corruption watchdogs to monitor the use of EU funds and make the legislative process more transparent.

They follow a proposal on Sunday by the European Union's executive arm to suspend 7.5 billion euros ($7.5 billion) in financing for Hungary.

The proposed suspension is over concerns that Orban, who has ruled Hungary since 2010, is undercutting the rule of law and using EU money to enrich cronies.

On Thursday, the European Parliament declared that Hungary was no longer a "full democracy" -- a symbolic vote that infuriated Budapest.

Miklos Ligeti, head of legal affairs at the NGO Transparency International Hungary, said under Orban checks and balances had been dismantled and "a highly dysfunctional rules system" put in place.

"There is no way of getting rid of the systemic corruption just by changing some laws," he told AFP, adding "not much can be achieved".

Transparency International ranks Hungary as the second lowest in the EU in its corruption perception index.

"Orban cannot really afford professional anti-corruption scrutiny as too many relatives and personal friends are involved," said Peter Akos Bod, a professor at the Corvinus University of Budapest.

- Will it convince the EU? -

While the European Commission is "under pressure" to get Hungary to reform, it "does not have many tools at its disposal", said Eulalia Rubio, a senior research fellow at the Paris-based Jacques Delors Institute.

The final decision on the commission's proposal to suspend funds will be taken by EU states within three months.

"The European Union does not want to take a decision that will have an impact on the population," Rubio told AFP.

It also does not want to alienate Hungary as Budapest "can harm other negotiations", she added, such as rejecting more sanctions against Russia over its invasion of Ukraine.

The EU would have to decide on the commission proposal via a qualified majority vote, which requires 15 of the 27 countries representing a total of at least 65 percent of the bloc's population.

Poland -- another eastern EU member accused of flouting the rule of law -- said it would fully oppose any measure depriving Hungary of the funds.

- Why does Hungary need the funds? -

As the rest of Europe, Hungary's economy has been hard hit by ripple effects from the Ukraine war, with a weakening currency and fast-rising inflation.

The central European nation of 10 million people depends heavily on EU funds, according to experts.

Akos Bod, who was a central bank governor in the 1990s, said the funds were "badly needed", with Hungary risking to have its credit rating downgraded.

"A downgrade may provoke capital flight and certainly further depreciation of the Hungarian forint," he told AFP.

Opposition politicians have painted a dark picture.

"The country is starting to shut down due to lack of money," European Parliament member Anna Julia Donath said in a social media post.

"We're in big trouble, and they know it," she added.

Hungary is also the only country still waiting for the green light from Brussels on its post-Covid recovery plan with 5.8 billion euros pending over corruption concerns.

F.Carrillo--TFWP