Hungary Faces Billions In Funding Cuts By EU [VIDEO]

The Associated Press reports:

Viktor Orban is facing a reckoning with the EU, which appears set to impose financial penalties on his government over corruption concerns and alleged rule-of-law violations that could cost Budapest billions and cripple its already ailing economy.

The EU’s executive arm, the European Commission, has for nearly a decade accused Orban of dismantling democratic institutions, taking control of the media and infringing on minority rights. Orban, who has been in office since 2010, denies the accusations.

The longstanding conflict could culminate Sunday when the commission is expected to announce a funding cut for Hungary, one of the 27-nation EU’s largest net beneficiaries, if the country does not change course.

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