BERLIN (Reuters) – Member states that fail to meet the European Union's standards on the rule of law could lose access to some of the bloc's funding, under German government proposals for the reform of the cohesion fund system seen by Reuters on Tuesday.
The seven-page document suggests that cohesion fund payments could be blocked if a member state's rule of law standards have been criticized by the European Commission. Hungary and Poland, both recipients of large amounts of EU cohesion fund support, have repeatedly faced such criticism.
“It should be investigated whether the receipt of EU cohesion funds could be linked to adherence to fundamental rule of law principles,” the report said.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.