EU seeks to pass stimulus without Hungary, Poland - report

Wednesday, 02. December 2020 14:53

The European Union is examining possible ways to pass the recovery fund, aimed at combating the economic crisis caused by the coronavirus pandemic, without the participation and consent of Hungary and Poland, the Financial Times reported on Wednesday citing a senior official of the European Commission.

The source said the rest of the member states was working on creating a framework in which the stimulus could be used until Budapest and Warsaw withdraw their veto on the bloc's 2021–27 budget, which "would replicate the effects of the original package as it is currently designed."

Earlier this week, German Finance Minister Olaf Scholz expressed his confidence the bloc would reach a consensus on the budget soon, despite Hungarian Prime Minister Viktor Orban's comments Budapest would veto the funds if there were no new proposals from Brussels.

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Breaking the News / JR