Tag Archives: Hungary

Commission Proposes Increase of EU Funds Co-Financing for Six Countires

The European Commission has proposed to increase the co-financing rates for the EU funds for six EU countries that have been affected by the crisis.

Under the proposal, six countries would be asked to contribute less to projects that they currently co-finance with the European Union. The supplementary EU co financing is designated for Greece, Ireland, Portugal, Romania, Latvia and Hungary.

The measure does not represent new or additional funding but it allows an earlier reimbursement of funds already committed under EU cohesion policy, rural development and fisheries. The EU contribution would be increased to a maximum of 95% if requested by a Member State concerned. This should be accompanied by a prioritisation of projects focusing on growth and employment, such as retraining workers, setting up business clusters or investing in transport infrastructure. In this way level of execution can be increased, absorption augmented and extra money injected into the economy faster.

It concerns Member States that have been most affected by the crisis and have received financial support under a programme from the Balance of Payments mechanism for countries not in the Euro area (Romania, Latvia and Hungary) or from the European Financial Stabilisation Mechanism for countries in the Euro area (Greece, Ireland and Portugal). Bulgaria is not included in this scheme.

 

 

A Reminder to the Hungarian Government

Via Bloggingportal.eu’s campaign I became aware of the controversial new media law in Hungary that seems to introduce mechanisms that elicit media censorship. A lot can be said about this law and its compliance with ECHR and the founding principles of the European Union. But I would like to take a different approach. Instead of providing some legal analysis I will take the liberty (sic) to remind the Hungarian government a poem they should know better. The poem is written by the Hungarian poet and revolutionary Sándor Petőfi in 1847, 2 years before his death.

Szabadság, Szerelem!

E kettő kell nekem

Szerelmemért föláldozom

Az életet,

Szabadságért föláldozom

Szerelmemet.

Freedom, Love!

These two I need

For my love I sacrifice life

For freedom I sacrifice my love.

New Excessive Deficit Procedure Steps

The European Commission has proposed to the Council to define deadlines for the correction of the excessive deficit for Lithuania, Malta, Poland and Romania. The Commission also recommends setting a new deadline for the correction of the deficit in Hungary.