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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessPM CoS-Gov't Sent Planned Legal Changes To EU; Seeks To Protect Funding
Comments hitting wires from PM Viktor Orban's chief of staff regarding communications with the EU on Budapest's offer of what it calls 'comprehensive' legal amendments to avoid censure for breaching EU rule-of-law standards and risking billions of euros in funding:
- Hungary PM Orban’s Chief Of Staff:- Gov't send reply to EU Commission, it contains more planned law amendments.
- CoS: We trust talks with the EU will be successful.
- CoS: Parliament could pass these amendments by end-Oct.
- Earlier today, Justice Minister Judit Varga posted a statement on Facebook saying that “The Hungarian government has put a comprehensive package of measures on the table to address all the Commission’s concerns...[Hungary is] open to a constructive dialogue.”
- BBG: "At risk is a share of 5.8 billion euros ($5.8 billion) of pandemic recovery funds as well as the 21.7 billion euros that is Hungary’s share of the EU’s 2021-2027 budget."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.