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MNI DATA FORECASTS: EZ Inflation, US Payrolls In Focus
Further Delays Likely In Unfreezing EU Funds
Reuters reports that Hungary's European Union funds negotiator, Tibor Navracsics, warned today that negotiations to institute Democratic reforms and unlock ~15 billion euros in EU funding may drag into the summer.
- Reuters: "On Saturday a senior EU official said Hungary must bolster the independence of its judiciary "very soon" to stand a realistic chance of getting any of the 15.4 billion euros envisaged for Budapest from the EU's COVID recovery stimulus."
- Navracsics said today: "Parliament has until March to pass legislation on judicial independence. As far as I know, the Justice Ministry and the European Commission are in continuous contact regarding the contents of the package."
- Navracsics appeared to assert that the EU were not negotiating in good faith: "I expect this to be an ongoing negotiation, over the course of which we time and again will have to change some laws or reach agreements to move forward and get the funds flowing."
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