No plan B, comment on the EU financial package by Andreas Heitker
Frankfurt (ots) – The blockade of the 1.8 Bill. Euro heavy financial package
Poland and Hungary have the potential to plunge the EU into another deep crisis.
But it’s not that far yet, even if no one in Brussels has done so at the moment
quite knows how the conflict over the new rule of law mechanism with which the
EU funds are to be linked in the future, can be solved. There is no
It is correct: Poland and Hungary are currently facing a huge threat
Blackmail potential in their hands because time is pressing for an agreement. It
is about money from the EU budget and the reconstruction fund, which actually
should be available for crisis management as early as the beginning of 2021. And
Countries like Spain and Italy are in dire need of these funds.
But not just them. It should be remembered that in recent years Poland
was by far the largest net recipient in the EU in absolute terms.
Structural funds and agricultural aid ensured an annual increase of more than
10 billion euros. In terms of economic output, Hungary was again the largest
EU net recipients: The money from Brussels made an average of 4 percent of the
Gross domestic product. In addition: From the billion dollar
Corona recovery funds should also benefit both countries greatly. Also
the governments in Budapest and Warsaw are therefore very interested in this
Financial package that they are currently blocking with their veto.
So there is no reason to rush to suspend the new one
Thinking about the rule of law mechanism or cutting back on the instrument
close. Most member states and the EU Parliament would do so
Do not support the step anyway. It would just be a devastating loss
The same applies to considerations, the reconstruction fund simply from the
Take out the financial package and submit it through an intergovernmental agreement
to get started – and simply to exclude Poland and Hungary. The
Central, strong and solidary European crisis response of the EU would thus
hollowed out, devalued and partly robbed of its financing options.
On Thursday, the heads of state and government will begin with the
Deal with conflict. Nobody should look to insight or give in to quickly
Poland and especially Hungary hope. But it is also clear that in this dispute
not only do these two countries have leverage in their hands.
Stock exchanges newspaper
Further material: http://presseportal.de/pm/30377/4766464