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After both Bloomberg and Reuters expressed that Hungary would eventually renounce the veto and not prevent the adoption of the EU budget for the next seven years and the rescue package to mitigate the economic effects of the coronavirus epidemic, the Polish edition of Deutsche Welle also details the agreement. information provided by the EUrologist.
According to this
- The rule of law mechanism built into the system, which was the reason for the veto between Hungary and Poland, will only be launched if the decisions of the Member State in question harm the financial interests of the European Union and cannot be used for political purposes , that is, in the immigration debate.
- A so-called emergency brake mechanism will consist of presenting the sanctions proposed by the European Commission to the Heads of State and Government.
- the entry into force of the entire rule of law mechanism will be suspended until the Court of Justice of the European Union is expected to rule on its compatibility with EU law only two years later.
Reuters previously wrote that the governments of Hungarian Prime Minister Viktor Orbán and Polish Prime Minister Mateusz Morawiecki had agreed to abandon the veto in negotiations with Germany, which holds the rotating EU presidency. It is said to be awaiting approval from other Member States, such as the Netherlands. The budget for the next seven years is 1.8 billion euros, the rescue package is 750 billion euros, and the stakes are high for Hungary as well.
Cabinets in Budapest and Warsaw did not like the fact that the rule of law mechanism linked the payment of EU subsidies to respect for democratic principles. That is why they want the Court of Justice of the European Communities to take up the matter.
(Cover photo: Mateusz Morawiecki and Viktor Orbán at their meeting at the Carmelite Monastery on November 26, 2020. Photo: Zoltán Fischer / Reuters)
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