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21 Hungarian Universities on the brink of losing EU Funding! What’s blocking over €6 Billion from reaching Hungary?
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Several Hungarian universities are at risk of losing EU funding due to concerns over governance structures and public procurement practices. Hungary currently finds itself unable to access over EUR 6 billion in cohesion funding and the Recovery Fund from the European Commission, despite some funds being made available at the end of last year.
According to Privátbankár, the Commission is awaiting a new response from the Hungarian government, with no new legislation being adopted. This issue sheds light on the scrutiny surrounding EU funds and the stalled negotiations between Hungary and Brussels.
Last December, the European Commission released EUR 10.2 billion in EU funds to Hungary, commending the government’s efforts in judicial reform efforts. However, EUR 6.3 billion of cohesion funds remain blocked due to concerns regarding the rule of law.
The EU Funds
Approval of Hungary’s plan under the Recovery Fund is pending until all 27 super-milestones are met. In total, around EUR 21 billion remains blocked. Although the Hungarian government recently announced the release of an additional EUR 2 billion, most of which will go towards teachers’ salaries, access to the majority of the funds remains restricted. The reasons for this ongoing blockage are still under scrutiny.
Starting from spring 2022, the rule of law mechanism, applicable to all EU countries including Hungary, aims to safeguard EU financial interests and uphold EU values.
This mechanism links the allocation of EU funds to adherence to the rule of law. Specific expectations set by the European Commission include amendments to laws, particularly in public procurement, legal remedies in corruption cases, transparency and public interest trusts, such as universities. Compliance with these requirements is essential for Hungary to access full EU funding. Besides, the ongoing issue also adversely affects Hungarian universities.
The EU needs the money to put down the farmers all over EU and prepare for war with Russia.
Don’t worry the US again just passed $60,000,000,000 million after over
$100,000,000,000 millions few years ago that most is unaccountable for.
The E.U. is fast turning into a Greek tragedy, albeit with some hysterically droll undertones. A sensible idea of centuries-old enemies cooperating economically has been perverted into a crazed, overbearing superstate that bullies the small and the weak, and actively works against the native citizens’ interests. Most of this is Hungary’s own money, you damn Eurothieves!!
Oh, Micheal, again with the mis information. The money is NOT Hungary’s money. It is the money of NET CONTRIBUTOR countries of which Hungary is not one. Imagine, Mikey, that you go to the bank in your good old USA and take a loan with rules, like having insurance on your house. But you say, “these rules are for suckers” and do not get the insurance. Well, guess what Mikey, you do not get the money. Is this example simple enough for your MAGA brain?
In case somebody missed it: https://www.statista.com/chart/18794/net-contributors-to-eu-budget/
We are a TAKER. “Please EU send us money so we can pay our teachers, doctors, and nurses!”
… As our deficit balloons https://www.ceicdata.com/en/indicator/hungary/national-government-debt