Hungarian Prime Minister Viktor Orban on Wednesday called USA billionaire George Soros an "enemy of the euro" who has harmed the lives of Europeans through his financial speculations.
While insisting that Hungary remains committed to the European project, Orban also launched another stinging attack on Soros, branding him "an open enemy of the euro" single currency who wants to open Europe to a million migrants a year.
The Commission, which is the guardian of European Union laws, said that after an in-depth assessment, it concluded that the law is not compatible with the freedom to provide services and the freedom of establishment as well as the right of academic freedom, the right to education and the freedom to conduct a business as provided by the Charter of Fundamental Rights of the European Union.
European Commission President Valdis Dombrovskis said Wednesday that the EU's executive arm has sent a "letter of formal notice" to Prime Minister Viktor Orban's government.
The letter is the first step of the EU's so-called infringement proceedings, whereby Brussels demands legal explanations from a member state on a particular issue.
"This debate is between you and us, and us and a financial speculator, an American speculator".
Top European Commission officials will meet with Soros in Brussels later this week. The Univerisity has a campus in Budapest.
Iran FM mocks U.S. claims it is violating nuclear deal
Trump spoke about Iran during a wide-ranging news conference at the White House alongside Italian Prime Minister Paolo Gentiloni. The Obama administration insisted the provisions would slow the time it would take Iran to produce nuclear weapons.
Orban's government said European Union criticism of its policies is rooted in Hungary's zealous opposition to migration and its refusal to participate in an European Union scheme meant to relocate asylum-seekers within the bloc.
Orban has said the CEU is "cheating" because it issues diplomas accepted both in the US and in Hungary, where it has been operating since 1993. The law is seen as aimed squarely at Central European University, which has been operating in Budapest since 1993.
The university is accredited in NY state but has no campus there.
The law has provoked some of the country's biggest protests since Orban came to power in 2010.
Should an agreement cease to materialize, CEU may be forced to cease enrolling new students as of January 2018.
Michael Ignatieff, CEU president and the former head of Canada's Liberal Party, appealed to Brussels for help on Tuesday.
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