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Magyar & Von der Leyen Unlock EU Funds for Hungary
Description
Hungarys new prime minister, Péter Magyar, met with EU Commission President Ursula von der Leyen, aiming for a political deal by late May to unlock billions in frozen EU funds. The funds, worth about ten billion euros, risk expiring by August if Hungary doesnt meet EU standards on corruption and rule of law. Magyar plans to return to Brussels on May 24-25 to seal the agreement, with Hungary needing to meet twenty-seven benchmarks. He takes office on May 9, expected to make quick moves to unlock the funds and stabilize Hungarys economy.
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