E.U says Hungary no longer a democracy, penalties may cost Budapest millions

Viktor Orban-led Hungary faces a reckoning with the E.U that could cost it billions. For years, Orban & the Hungarian govt been accused of corruption, nepotism & largesse. Corruption concerns & 'rule of law violations', E.U appears set to impose penalties. Financial penalties could cost Budapest billions & cripple the already ailing economy. Tomorrow, E.U is expected to announce a funding cut, if Hungary doesn't mend ways.