Hungary's new PM advances on frozen EU funds but faces hurdles accessing €16 billion defence loans
By
Tomáš Hrivňák
29d ago· 2 min readenNews
Summary
Hungary's new Prime Minister Péter Magyar has made progress in accessing frozen EU funds previously blocked due to Viktor Orbán's rule-of-law abuses. However, Hungary faces a new challenge: it is the only EU country whose plan for the SAFE (Security Action for Europe) rearmament loans has not been approved. The new government must navigate significant obstacles to access the €16 billion crucial for modernizing its armed forces, while also trying to steer funds away from Orbán-linked oligarchs.
Source
bskyHungary's new PM advances on frozen EU funds but faces hurdles accessing €16 billion defence loanseuobserver.comKey quotes
· 3 pulledHungary's new prime minister, Péter Magyar, has managed to move his country closer to accessing the European funds that had been frozen over the rule-of-law abuses of Viktor Orbán's regime.
More challenges, however, await with another crucial batch of resources Hungary has been missing out on: the EU's SAFE programme (Security Action for Europe).
Hungary remains the only country in the EU whose plan for the cheap rearmament loans has not yet been approved.
Hungary remains the only EU country whose plan for SAFE rearmament loans hasn't been approved. The new government now faces a mountain of challenges to access the €16bn, crucial for its armed forces.
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