Recent reports from Bloomberg suggest that the European Commission is considering freezing over €15 billion earmarked for Slovakia, citing concerns about the country’s rule of law after the re-election of populist Prime Minister Robert Fico. The frozen funds would include cohesion funds and recovery and resilience funds.
Since returning to power, Fico has made controversial moves like dismantling special units investigating corruption and overhauling the criminal code, raising alarm in Brussels. The European Commission has initiated dialogues with Slovakia and is closely monitoring recent reforms.
The threat of losing EU funds is significant for Fico, who faces fiscal challenges and the need to keep supporters happy. The Slovak government denies reports of fund suspension and emphasizes ongoing discussions with the EU.
Despite potential consequences, Fico remains focused on immunity from corruption charges, adopting a flexible approach to maintain power. The European Commission’s response to the situation remains to be seen, with potential implications for Slovakia’s future.
Edited by: Aingeal Flanagan
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