Hungary government submits first anti-graft bill to avoid losing EU funds

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Hungary government submits first anti-graft bill to avoid losing EU funds
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Hungary's government has submitted the first of several anti-corruption bills to parliament on Monday as Budapest scrambles to avoid losing billions of euros in European Union funding.

The European Union executive recommended on Sunday suspending funds worth 7.5 billion euros for what it sees as Hungary's failure to combat corruption and uphold the rule of law.

Hungary's case is the first in the EU under a new sanction meant to better protect the rule of law and combat corruption in the 27-nation bloc. "The latest developments in Brussels certainly come at a bad time for Orban, who is struggling with a swath of political and economic problems brought about by both global issues, most notably rising energy prices, so he is likely to go further to satisfy Brussels' demands," said Mujtaba Rahman, Managing Director Europe at Eurasia Group.

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