€𝟭.𝟬𝟰 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗚𝗼𝗻𝗲 𝗳𝗼𝗿 𝗚𝗼𝗼𝗱 𝗳𝗼𝗿 𝗛𝘂𝗻𝗴𝗮𝗿𝘆💸 This week, Hungary has lost EU funds for the first time since the EU initially froze €32.4 billion in 2022. It’s a bit of a saga, so let’s dive into the details 🧵 - ThreadSky

reclaim-eu.bsky.social • 81 days ago

€𝟭.𝟬𝟰 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗚𝗼𝗻𝗲 𝗳𝗼𝗿 𝗚𝗼𝗼𝗱 𝗳𝗼𝗿 𝗛𝘂𝗻𝗴𝗮𝗿𝘆💸 This week, Hungary has lost EU funds for the first time since the EU initially froze €32.4 billion in 2022. It’s a bit of a saga, so let’s dive into the details 🧵

Comments

reclaim-eu.bsky.social•81 days ago

𝗜𝗻𝗶𝘁𝗶𝗮𝗹 𝗙𝘂𝗻𝗱 𝗙𝗿𝗲𝗲𝘇𝗲: In Dec 2022, the EU froze €32.4bn to Hungary due to corruption, human rights and rule of law concerns. The freeze involves three EU conditionality regimes affecting +10 EU funds. The unlocking conditions and affected funds overlap. It’s complex, but we’ve mapped it out for you:

reclaim-eu.bsky.social•81 days ago

🔓 𝗣𝗮𝗿𝘁𝗶𝗮𝗹 𝗨𝗻𝗳𝗿𝗲𝗲𝘇𝗶𝗻𝗴 𝗼𝗳 𝗙𝘂𝗻𝗱𝘀: A year after this large freeze, the EU Commission released €10 billion. Many criticized the move, pointing out that Hungary's judicial reforms were far from adequate, and suggesting that the Commission was just giving into Orbán’s blackmail

reclaim-eu.bsky.social•81 days ago

⚖️ 𝗟𝗲𝗴𝗮𝗹 𝗧𝗿𝗼𝘂𝗯𝗹𝗲𝘀: Neither the EP nor RECLAIM were convinced. The EP took legal action against the Commission, accusing it of yielding to Hungarian blackmail. RECLAIM (that’s us!) has filed a separate case at the EU’s top court to challenge the murky decision-making process around the fund unfreeze

reclaim-eu.bsky.social•81 days ago

𝗕𝘂𝘁 𝗕𝗶𝗹𝗹𝗶𝗼𝗻𝘀 𝗥𝗲𝗺𝗮𝗶𝗻 𝗙𝗿𝗼𝘇𝗲𝗻. The Commission's latest Conditionality Regulation review paints a stark picture—no progress on anti-corruption measures. Hungary remains locked out of €11.7 bn in cohesion funds and €10 bn from COVID recovery funds. Even worse, €1.04 bn is now irreversibly lost

reclaim-eu.bsky.social•81 days ago

𝗪𝗵𝘆 𝘁𝗵𝗲 𝗣𝗲𝗿𝗺𝗮𝗻𝗲𝗻𝘁 𝗟𝗼𝘀𝘀? The €1.04 billion from 2022, frozen due to concerns over corruption, had to be used within two years. Hungary’s failure to progress has led these funds to automatically revert to the EU budget—this irreversible process is known as decommitment.

reclaim-eu.bsky.social•81 days ago

𝗪𝗵𝗮𝘁’𝘀 𝗮 𝗗𝗲𝗰𝗼𝗺𝗺𝗶𝘁𝗺𝗲𝗻𝘁? EU funds operate on a strict "use it or lose it" basis—funds must be spent within a timeframe or they're returned to the EU budget. With more decommitments looming for Hungary, the stakes couldn't be higher. Curious? We explained the decommitments rules here: https://lnkd.in/dqns_RRw

Comments

Posting Rules

Reply