H.E. Mr Viktor ORBÁN Prime Minister HUNGARY […] These laws contain provisions which could be in contradiction with the Treaty and interfere with previously issued European policy advice. The Commission has serious doubts on the compatibility of the current version of the Magyar Nemzeti Bank (MNB) bill with Article 130 of the Treaty on the Functioning of the European Union. I also regret that the last drafts of these laws have not been subject to a consultation with the ECB which repeatedly expressed its concerns. If the laws adopted are incompatible with the EU legislation, they will need to be changed. This creates atmosphere of instability. I would strongly advise you to withdraw the two cardinal laws (on the MNB and the financial stability law) from Parliament. Let us then work together to make sure they are compatible with the EU law.

José Manuel Barroso, President of the European Commission