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The Hungarian government threatens EU values, institutions, and funds, MEPs say

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Parliament condemns the deliberate, continuous and systematic efforts of the Hungarian government to undermine the EU’s founding values.

In a resolution adopted on Thursday with 345 votes for, 104 against and 29 abstentions, MEPs express strong concern about the further erosion of democracy, the rule of law and fundamental rights in Hungary, in particular through the recently adopted so-called ‘national sovereignty protection’ package – which has been compared with Russia’s infamous ‘foreign agents law’.

Violations of the EU Treaties

Regretting the Council’s failure to apply the Article 7 (1) procedure (following Parliament’s activation of the mechanism in 2018), Parliament calls on the European Council to determine whether Hungary has committed “serious and persistent breaches of EU values” under the more direct procedure of Article 7(2). MEPs also condemn the actions of Prime Minister Viktor Orbán, who last December blocked the essential decision to revise the EU’s long-term budget, including the Ukraine aid package, “in full disrespect and violation of the EU’s strategic interests and in violation of the principle of sincere cooperation”. The EU must not give in to blackmail, they highlight.

Protecting EU funds

Parliament regrets the Commission’s decision to release up to €10.2 billion of previously frozen funds, despite Hungary not fulfilling the demanded reforms for judicial independence and the Commission recently prolonging the application of Conditionality Regulation measures.

Further, MEPs condemn the reported systemic discriminatory practices against academia, journalists, political parties and civil society when allocating funds. They regret the use of manipulated public procurement procedures, takeover bids by the government and entities with ties to the Prime Minister, and the use of EU funds to enrich the government’s political allies.

The measures required to release EU funding under different rules must be treated as a single package, and no payments should be made if deficiencies persist in any area. Parliament will look into whether legal action should be pursued to overturn the decision to partially unfreeze funds, and notes that it can use an array of legal and political measures if the Commission is in breach of its duties as the guardian of the Treaties and to protect the EU’s financial interests.

The upcoming Hungarian Presidency of the Council

In light of these issues, Parliament questions if the Hungarian Government will be able to fulfil its duties in the second half of 2024, warning that, if the position of President of the European Council is vacant, those duties would fall to the Hungarian Prime Minister during the country’s six-month Presidency of the Council. MEPs ask the Council to find proper solutions to mitigate these risks, and call for reforms to the Council’s decision-making process, to end the abuse of the right of veto and blackmail.

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Torino and Braga win European Capital of Innovation Awards

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Ecumenical Patriarch Bartholomew congratulated Donald Trump

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On November 7, Ecumenical Patriarch Bartholomew sent a congratulatory letter to the newly elected US President Donald Trump, wishing him health, strength and success in his upcoming second presidential term.

“Recognizing the enormous responsibilities of such a leadership position, we pray that your decisions will be guided by wisdom and compassion, as well as by the strength necessary to maintain harmony and security in your great and God-protected nation,” noted Patr. Bartholomew:

“The Ecumenical Patriarchate, with its ancient history and its fundamental commitment to dialogue and reconciliation, remains a constant supporter of all efforts to promote peace and understanding between people of different cultures and beliefs. We hope that under your leadership the United States will continue to support the cause of religious freedom and human dignity – values ​​that resonate deeply in the Orthodox Christian tradition and all faith communities,” the congratulatory letter said.

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The US excludes the last major Russian state bank from SWIFT

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The last of Russia’s major state-owned banks, which retains access to the SWIFT system for international payments in the world’s major currencies, will become subject to new US sanctions.

The White House is considering blacklisting Gazprombank, the Russian Federation’s third-largest bank by assets, which is a “hub” for gas payments with Europe. As the Nikkei reported, citing officials familiar with the matter, GPB could be subject to blocking sanctions: it would be barred from any transactions with US banks. A decision on sanctions will be made by the end of November – the United States has notified its G7 partners about this, sources told the publication, including high-ranking European officials.

Directly owned by Gazprom with a third and another 40% by its pension fund, Gazprombank is not yet subject to strict Western restrictions: in the United States it is only prohibited from raising capital on the debt market, although its top managers and a subsidiary are subject to blocking sanctions IT company. In the European Union, GPB also avoids blacklists, and only Britain has introduced blockers against the bank.

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