Hungary submits plan to EU

BUDAPEST: Hungary has submitted to Brussels a national plan for tapping into the EU’s post-pandemic recovery fund, the European Commission said yesterday. The 750-billion-euro ($905-billion) rescue package of grants and loans comprises funds contributed by the EU’s 27 member states to help the bloc’s economies hard hit by the coronavirus. Budapest and Warsaw threatened to veto the recovery fund last year along with the entire EU budget over proposals to link some fund payments to rule of law conditions, describing it as “political blackmail”.