THE European Commission on Wednesday proposed unlocking 4.2 billion euros (about US$4.8 billion) in cohesion funding for Hungary, which has been suspended over rule-of-law concerns under the country’s previous government.
The Commission said it had proposed that the Council of the European Union (EU) should lift protective measures imposed on Hungary in 2022 under the bloc’s Conditionality Regulation, concluding that the country had addressed the rule-of-law breaches.
If approved by the Council, the decision would not only reinstate the suspended cohesion policy commitments, but also restore full access to the Erasmus+ student exchange programme and the Horizon Europe research programme for students and researchers at universities maintained by Hungarian Public Interest Trusts.
Xinhua
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