Politics

EU unlocks €10 Billion for Hungary as Orban turns the screw

Major win for controversial Prime Minister ahead of a crucial summit on Ukraine that the nationalist leader is threatening to torpedo

Prime Minister Viktor Orban wins major concession from EU as he threatens to block entry for Ukraine to bloc

The European Union decided to release more than €10 billion ($10.8 billion) of aid earmarked for Hungary, a major win for Prime Minister Viktor Orban ahead of a crucial summit on Ukraine that the nationalist leader is threatening to torpedo. The forint extended gainst against the euro.

The funds, about a third of the overall amount the EU decided to freeze a year ago due to rule-of-law and graft concerns, were released after Orban’s government ...