EU Targets Hungary Over New Banking, Judicial Laws

Law360, New York (January 17, 2012, 4:23 PM EST) -- The European Commission initiated legal action against Hungary on Tuesday over legislation in the country's new constitution that the commission claims threaten the independence of Hungary's central bank, judiciary and data protection agencies, running counter to European Union law.

The commission, the EU's executive arm, notified Hungarian authorities Tuesday that it was launching accelerated infringement proceedings. As an EU member state, Hungary is required to comply with EU policies.

“Hungary, like all member states, is obliged by the EU treaties to guarantee the independence of its...
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