Cross-border currents – Hungary could lose €7.5bn of EU funds over graft claims

The European Commission has bitten the bullet and for the first time imposed a major financial penalty on a European Union (EU) member state that it considers so corrupt, its handling of EU funds cannot be trusted.

By Keith Nuthall

The European Commission has bitten the bullet and for the first time imposed a major financial penalty on a European Union (EU) member state that it considers so corrupt, its handling of EU funds cannot be trusted.