Share Tweet Pocket Add to Bookmarks
You're reading: EU threatens legal action against Hungary
on social media

The warnings escalated the standoff between Hungary’s government and the EU and underlined the difficulty Budapest will face in negotiating a desperately needed international rescue package from the EU and the International Monetary Fund.

Hungary, which is in the 27-nation EU but uses its own currency, the forint, has been sharply criticized for a new constitution that the EU fears hurts the independence of the country’s judges, its central bank and its data protection agency. Some civil rights organizations and the European Parliament have warned that the former Soviet-bloc nation of 10 million, which led the fight against communism with its 1956 revolution, risks losing its democratic footing.

EU Economic Affairs Commissioner Olli Rehn on Wednesday blasted Hungary’s fiscal policies — which rely on unorthodox one-time measures instead of fiscal austerity — warning that the EU could withhold valuable development funds if the Hungarian government continues to resist taking new cost-cutting measures.

Exclusive article

Sign up or subscribe to view more articles.
See All Plans
Monthly plan
Get unlimited article access, anytime, anywhere.

Yearly plan
Access all the exclusive content on and the complete online archive.

Add comment

Sorry, you must be logged in to post a comment.
More in this section

Add a picture
Choose file
Add a quote

Are you sure you want to delete your comment?


Are you sure you want to delete all user's comments?


Are you sure you want to unapprove user's comment?


Are you sure you want to move to spam user's comment?


Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: