EU budget blocked by Hungary and Poland over rule of law issue

17 November 2020
439 Views

The package includes €750bn (£673bn; $888bn) for a Covid recovery fund.

Ambassadors of the 27 member states meeting in Brussels were unable to endorse the budget because the two countries vetoed it.

Hungary and Poland have been criticised for violating democratic standards enshrined in the EU’s founding treaty.

The EU is currently investigating both countries for undermining the independence of courts, media and non-governmental organisations. The clause threatens to cost them billions of euros in EU funding.

EU states had already agreed on the €1.1tn budget for 2021-2027, and the coronavirus stimulus package after a marathon four-day summit in July.

The ambassadors had voted through the clause that made access to EU funds conditional on adherence to the rule of law, because it only required a qualified majority, the German EU presidency said.

But the budget and the rescue package needed unanimous support and were then blocked by Poland and Hungary.

This is a row that’s come to a head after simmering for the past four months. It was back in July, when EU leaders first agreed to club together and raise almost €2tn to spend over the next seven years, as they try to recover from the financial crisis caused by Covid.

At the time, the agreement was hailed as a “magic moment” by the EU Council President Charles Michel, who said it was “unprecedented”, because access to cash would be conditional on countries following the rule of law.

But Hungary and Poland haven’t viewed the arrangement that way, and both countries have long been at loggerheads with the EU over perceived backsliding of core values.

Source: BBC

You may be interested

Coronavirus Greece: 2,845 new cases, 165 intubated, 12 deaths
GREECE
shares24 views
GREECE
shares24 views

Coronavirus Greece: 2,845 new cases, 165 intubated, 12 deaths

makis - Jul 30, 2021

Greek authorities announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 2,845, of which…

Coronavirus Greece: 2,696 new cases, 157 intubated, 9 deaths
GREECE
shares32 views
GREECE
shares32 views

Coronavirus Greece: 2,696 new cases, 157 intubated, 9 deaths

makis - Jul 29, 2021

Greek authorities announced today that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 2,696, of…

Greek real estate market still strong despite Covid-19 pandemic, report shows
FINANCE
shares37 views
FINANCE
shares37 views

Greek real estate market still strong despite Covid-19 pandemic, report shows

Panos - Jul 29, 2021

The Greek real estate market is demonstrating resilience in 2020 despite the fact that the pandemic had an overall negative impact on the…

Leave a Comment

Your email address will not be published.