The European Union’s executive body laid down a sharp new challenge to Hungarian Prime Minister Viktor Orban on Wednesday, activating a tool for the first time that could see Brussels withhold large-scale EU budget payments to the country
Brussels activates, for the first time, a tool that could lead to the EU blocking large amounts of budget payouts to Hungary
The consequences of harsh economic sanctions against Russia are already being felt across the globe. WSJ’s Greg Ip joins other experts to explain the significance of what has happened so far and how the conflict might transform the global economy. Photo Illustration: Alexander Hotz.
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