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What is in the text of the new agreement?
The stiff Polish and Hungarian rejection is not accidental, as the Portfolio has acquired the full draft of the 21-page rule of law agreement agreed on Thursday, which gives a very broad interpretation to the rule of law issue in relation to funds from The EU. Therefore, contrary to our quick assessment of the situation on Thursday, we believe that from a Hungarian and Polish perspective
it is an increasingly strict set of conditions in which many things can be seen.
There are seven (plus one) points in the system of conditions on when, in which cases, a procedure could be initiated against a Member State to protect the EU budget. This includes, for example, the expectation of an independent and effective police and judicial system, the effective detection of tax fraud, the obligation to effectively recover mispaid EU money, and effective cooperation with the EU anti-fraud office. the EU, the infamous OLAF.
What is this analysis about?
- Statements by the governments of Hungary and Poland are furious, stiffly refusing to make EU funds after 2021 subject to strict conditions of the rule of law. This is a good indication that this is serious business.
- We have obtained and submitted the 21-page draft regulation agreed on Thursday by the German Presidency, the European Parliament and the delegation of the European Commission, which generally covers a strict set of conditions.
- That is why the leadership of the two countries has influenced the veto on the adoption of the new EU budget and recovery fund. If this happens, it could lead to serious complications across Europe, and we will cover it.
- We also present the four specific areas that Viktor Orbán may have thought about when he spoke on Friday morning about the country’s financial resources for the next 2 years.
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