EU foreign ministers to hold emergency meeting on Israel crisis Tuesday.

The EU has put funding for the Palestinian Authority on hold following this weekend’s terror attack by Hamas in Israel.

EU Enlargement Commissioner Olivér Várhelyi announced that the European Commission is putting its full development portfolio — totaling €691 million — under review, with all payments immediately suspended.

“The foundations for peace, tolerance and co-existence must now be addressed. Incitement to hatred, violence and glorification of terror have poisoned the minds of too many,” the Hungarian commissioner said. “We need action and we need it now.”

The move comes as Germany and Austria announced the suspension of aid to the Palestinian territories.