January 17th, 2012
02:10 AM ET

EU expected to decide on controversial Hungary reforms

The European Commission is expected to issue a decision Tuesday on whether it considers certain reforms introduced by Hungarian Prime Minister Viktor Orban's government to be legal.

Both the European Union and and International Monetary Fund have said they will refuse to extend aid to Hungary, which is struggling financially, unless the government in Budapest guarantees the independence of the central bank.

The organizations say they are concerned the Hungarian government will have undue influence over monetary policy.

European Commission President Jose Manuel Barroso wrote to Orban in December requesting the withdrawal of two recent bills related to the country's financial stability and the central bank. Orban rejected the requests.

The EU has raised the prospect of taking Hungary to the European Court of Justice, Europe's highest court, over Orban's constitutional overhaul.

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soundoff (8 Responses)
  1. Joey Isotta-Fraschini©™

    How can the government of a country take care of the people if they don't take the people's money?

    January 17, 2012 at 3:03 am | Report abuse |
  2. Mmmmm ♔♕

    EC/IMF pillager and Ray-per of the proletariat.

    January 17, 2012 at 5:29 am | Report abuse |
  3. Gravity7

    Reblogged this on Gravity7.

    January 17, 2012 at 8:18 am | Report abuse |
  4. Andreas Moser

    It's time for a Hungarian spring.

    January 17, 2012 at 9:51 am | Report abuse |
  5. jake

    It's called common sence and compasion Joey, it's something you don't have because everything is about money money money to you.Your shallowness can not be hidden .You are so pathetic ,you make me laugh and smile.It's such a blessing to not be like you.ha ha ha.

    January 17, 2012 at 6:03 pm | Report abuse |
  6. Intriped

    Hungary should never have been brought into the EU financial fold. Instead of them becoming an asset to the entire union and themselves, they have furthered the welfare cause for themselves. And to know that this country has a population of only 10 million people and cannot organize a good Bake Sale in the best of times but can write and pass laws that send them into communist era times as the USA is doing with the proposed SOPA internet legislation. I guess all the crazy conspiracy theorists have a point.

    January 18, 2012 at 11:53 pm | Report abuse |
  7. Do you know us?

    It is weird that such a small country, whose issues went unnoticed for centuries up till now even in the worst times, is now now under such international interest. I think the size of the volume of criticusm and attention is alwasy the function of the scope and size of interest that is under threat. So do not tell me you people, you EU are worried about things you know nothing about. The worries are about money lost in Hungary by multinational companies and banks (crisis taxes) and the example of a small country trying to defend its sovereignity that might be contagious. The latter one is against the EU superstate where member countries have little say against the nationless superstate that obviously should/will be dominated by the strongest and biggest. The q is wheter it will be a singel country or a faceless finincial interest group.....interesting theory....

    January 21, 2012 at 6:47 am | Report abuse |
    • The Questioner

      Orban Viktor is a dictator. To believe otherwise is to embrace your collective helplessness and accept it as your new reality. Your ancestors didn't fight and die to see you vote your way back into fascism. Think about it.

      June 25, 2012 at 4:03 pm | Report abuse |