It took twenty weeks for the compromise project drawn up by the Germans.

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Shortly after negotiations began, European Council President Charles Michel said on Twitter that they had agreed on the terms of a new seven-year budget and a recovery fund to help ease the economic consequences of the coronavirus.

The main obstacle to the agreement over the last month has been the threat of a veto from the governments of Hungary and Poland: the two countries refused to accept a total of 1.8 billion euros, as the other member states approved a series of conditions for abuses of the rule of law in the Member States. the grants awarded could have been withdrawn.

The compromise solution from which a final agreement could be reached ensures that the system of conditions will only apply in cases directly related to subsidies and that Member States will be able to request a kind of “ex ante control” before the Court of Justice of the European Communities before its entry into force. Based on current estimates, this could delay the entry into force of the system by approximately two years.

Before the summit, Dutch Prime Minister Mark Rutte, formerly called the “Dutch boy” by Orbán, tried to sound harsh, but in the end the leaders of the member states accepted the German presidency’s draft compromise without change.

The European Parliament must even give its approval to the agreement, and chances are good that it will. David Sassoli, chairman of the board, spoke at the beginning of the summit about not accepting any change in the proposal of the German presidency, that’s what happened in the end.

All this means that the framework can be launched as early as 1 January, half of which (€ 750 billion in loans and part of grants) will be spent in the first years of the seven-year period. However, this still requires Member States to draw up a reform plan that, based on the commission’s economic policy assessment, highlights the areas in which they want to help. In the case of the budget, the commission awaits the development of the so-called Operational Programs, after whose evaluation the tender can begin.

Viktor Orbán valued the compromise as a victory, so when he arrived at the Brussels meeting he spoke of the importance of the parties reaching an agreement as soon as possible. Gergely Gulyás also spoke on Government Info about the hvg.hu issue that tenders should be published as soon as possible, for a total of approx. 14 trillion guilders, because the money is needed due to the coronavirus.

Exactly what kind of money is involved, we write more in this article, even at the time of the veto threat:

Viktor Orbán valued the compromise as a victory, so when he arrived at the Brussels meeting he spoke of the importance of the parties reaching an agreement as soon as possible. Gergely Gulyás also spoke on Government Info about the hvg.hu issue that offers should be published as soon as possible, totaling approx. 14 trillion guilders, because the money is needed due to the coronavirus.



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Viktor Orbán feels they have the winning cards



hvg.hu
World

The Hungarian Prime Minister made another short video about the Brussels summit.

Orbán speaks of victory in Brussels, although he did not comply with the resolution of the National Assembly



Teen Victoria
Economy

In the summer, pro-government MPs issued a resolution instructing the Hungarian prime minister on the principles he had to represent in negotiations on the EU budget and the recovery fund. However, the compromise proposal does not meet all of its points.