Increasing tension between Hungary and the EU over euro billions
The European Union’s decision-making and executive body is delaying the adoption of the Hungarian government’s investment plans and reform package to ensure transparency in the judiciary. A deadlock has emerged and the EU may give ground, but this could cause resentment among many.
No deal between Hungary and the EU
Time is running out for the European Union’s leaders to reach an agreement with the Hungarian government. At issue is the transfer of EU recovery fund resources, Bloomberg reports.
The rule of law dispute threatens to leave Hungary without an EU decision on crucial issues such as financial aid for Ukraine.
The next meeting of the European Commission is on Tuesday 22 November. Contrary to earlier reports, the ECJ will not put on the agenda the Hungarian government’s investment plan and its reform package to guarantee the independence of the judiciary, napi.hu reports.
If the committee’s decision is delayed, EU finance ministers will not have time to prepare their own proposal on the matter at their meeting on 6 December. Meanwhile, EU leaders must decide before the end of the year what percentage of the EU recovery fund the Hungarian capital will receive. Up to 70 percent of this funding could be lost, which would mean a loss of EUR 4.1 billion for Hungary.
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Deadlock over the veto
Some EU countries need time to assess Hungary’s reform plans, according to European diplomats. These include the Netherlands, Sweden, Finland and Denmark. The states concerned are also conducting internal decision-making procedures.
The fact that the EUR 18 billion aid package for Ukraine and the global minimum corporate profit tax will not be implemented because of the Hungarian veto may also play a role.
Hungary and Budapest may get the aid in order to override the Hungarian veto, but this could be an unpalatable solution for many countries.
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Source: napi.hu, Bloomberg
The European Union can’t and WILL not give ground on the Judiciary matter – the concerns they growingly have, in regard to, the Victor Orban Government of Hungary – its Control & Influence exhibiting Power and Manipulation over the Hungarian Judiciary.
Media, Judiciary – Rule by Decree – just (3) three major issues Brussels have on their list for Victor Orban to get back in line and act under the Laws of the European Union.
Orban is in the witness box being RIGHTFULLY “bombarded” with questions having factual evidence “hurled” at him in regard to his Governments ABUSE of the Laws pertaining to membership of the European Union.
Hungary – the ask on the Orban Government, labelled by the European Union as no longer acting in line with DEMOCRACY, the ask on Victor Orban – the Fidesz Party through their Ideas & Philosophy conduct of their ways of Dictatorial Governance in Hungary, the ASK on Orban is beyond reverting back in line with the Laws of the European Union.
This is a conundrum for the Citizens of Hungary, a country of 9.6 million, an Economy on the verge of a cataclysmic collapse.
Hungary – if they “go with the flow” – they will be ruled under a Dictatorship regime.
Hungary – if they through SOLIDARITY remove Orban, then go back to the table with the European Union – light begins to flicker at the End of that darkened tunnel presently that Hungary occupies.
Hungary’s friends of Victor Orban being Russia & China – DICTATORSHIPS.
Hungary – what of the FUTURE?
It’s good that there is tension. EU is a corrupt mafia bully, implementing marxism or else you’ll be punished.