Free Trial

Politico-Updated Commission Report On Rule Of Law Reforms Coming Friday

HUNGARY

Paola Tamma at Politico: "Commission to produce updated assessment by Friday of Hungary's progress on rule of law reforms upon Council request, but this isn't expected to produce a different result, aka still €7.5B frozen funds. Ball in Council's court."

  • Earlier this week, the ECOFIN Council of member state finance ministers failed to reach an agreement on whether to withhold cohesion funding from Hungary on the recommendation of the European Parliament and Commission.
  • Decision deadline is 19 Dec (if no ruling made then Hungary receives funds). Potential for EUCO leaders' summit 15 Dec to make final decision.

To read the full story

Close

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.