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worst-performing currency. Donald Trump can’t get enough of ‘strong’ authoritarians Budapest has come under pressure in recent weeks to strike a deal with Brussels and unlock funding for Hungary’s ailing economy, and Orban’s government has promised to create a new anti-graft agency. Member countries have three months to decide on the Commission’s recommendation and they could limit the punishment if they found Budapest’s actions in the meantime convincing. But on Friday, Orban dismissed the EU Parliament’s statement as a “boring joke.” “As far as the EU Parliament decision is concerned, we think it is in the domain of (a) joke. We are not laughing because it is a boring joke,” Orban said through a translator after a meeting with Serbian President Aleksandar Vucic, Reuters reported. PAID CONTENT Mark Zuckerberg and Priscilla Chan Sell San Francisco Home for $31 Million Mansion Global These liposuction patches are winning the hearts of the English Well-being-review.com Dubai’s Palm Jumeirah Ready for Showtime Secluded Forts in Southern England List for £4 Million and £4.25 Million Mansion Global Royal Historian: King Charles III should have Princess Anne in the monarchy going forward World In Lebanon, armed customers rob banks to get their own money World The ‘Triangle House’ is Set in a Picturesque Spot Between Two Hills in Tarzana, California Mansion Global Paid Content The banana island is a billionaire’s
ideological reasons,” they said in a minority position statement attached to the report. Citing corruption risks, the European Commission is expected to recommend later this week suspending billions earmarked for Budapest from the bloc’s 1.1 trillion euro ($1.1 trillion) shared budget for 2021-27, according to Reuters. That would be the first such EU move under its new financial sanction dubbed “cash for democracy” and agreed two years ago precisely in response to Hungarian Prime Minister Viktor Orban, as well as his allies in Poland, rowing back on liberal democratic tenets inside the bloc. Hungary sets a date for referendum on controversial LGBTQ law Orban has been locked for years in acrimonious feuds with the EU, which Hungary joined in 2004, over the rights of migrants, gays and women, as well as the independence of the judiciary, media and academia. The self-styled illiberal crusader denies, however, that Hungary is any more corrupt than other nations in the 27-nation bloc. The European Commission has already blocked some 6 billion euros due for Budapest from the bloc’s separate Covid economic stimulus package, citing insufficient anti-graft safeguards in Hungary’s public procurement. Funds worth as much as a tenth of Hungary’s GDP could be at stake should other EU members approve the expected recommendation by the Commission, a prospect that has weighed on the Hungarian forint, central Europe’s
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