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EUR/HUF Flips Positive as EU Lawmaker Panel Issues Stern Words on Funding

HUNGARY

Firm words continue: "those that approve the disbursement of funds to Hungary's Orban will be responsible for any decline of Hungary into corruption".

  • EU struggling to deal with the corruption issues in Hungary, and lawmaker sees not a single measure in the 17 remedial measures that addresses judiciary issues, sentencing issues, with strong political control of court systems.
  • EUR/HUF flips to positive on the day, nearing the overnight highs at 410.19.

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