BREAKING NEWS

Hungary confirms EU legal action imminent over reforms

By REUTERS

JANUARY 17, 2012 09:44

BUDAPEST - Hungary confirmed on Tuesday that European Union is set to announce legal action over its disputed central bank and judicial reform, complicating the nation's efforts to secure aid needed to remain solvent.

Deputy Prime Minister Tibor Navracsics said the European Commission, which meets later on Tuesday, was expected to launch legal action over Hungary's bank law, the retirement age of judges and prosecutors, and a data protection authority.

Navracsics told public television in an interview he had talked to the EU's Justice Commissioner Viviane Reding over the phone, but had not yet seen the EU's documents.

"The way I see it at the moment is that on the issues of central bank law and data protection we are close to possibly finding a solution in the near future...if the aim is to further strengthen the independence of the head of the data protection authority, I will surely not oppose that."

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