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Turn by the Recovery Fund: falls into veto of Poland and Hungary which has kept the 27 EU countries in suspense these days.
According to what we learned, in fact, the two countries found a compromise in extremis, just a few hours before the start of European council.
Very important and positive news for the continent, which was running the risk of being plunged into dangerous stagnation. The intransigent position of Budapest and Warsaw was putting the arrival of the billion euros the Recovery Fund and the release of the community budget.
Both steps, on the other hand, are seen as vital to reactivate European economies collapsing due to the pandemic. There is, therefore, an agreement that overrides the veto of Poland me Hungary about him Recovery Fund: What is it about?
Recovery Fund: Poland and Hungary lift the veto. The details
Hungary and Poland withdrew the veto on the stimulus package most important in the history of the European Union.
The two countries had adopted a position of obstruction and uncompromising opposition to the condition envisaged for the provision of funds from the Recovery Fund: respect for the rule of law.
A really badly digested interference by the nations, in the face of criticism precisely because of the management of power and the adoption of laws that are not always in accordance with democratic principles and with respect for civil rights.
The commitment mediated by Germany It will be presented at the meeting of EU leaders today, Thursday 10 December in Brussels, where the agreement is likely to find approval. The deal will pave the way for the flow of billionaires to the continent’s ailing economies.
So what does the agreement foresee?
The proposal still ties the package’s disbursements to democratic standards, but stipulates that such sanctions cannot be triggered before the European court of justice pronounce on the legality of the new rules. The process could take more than a year to complete and this delay in implementing the condition has given Poland and Hungary security.
Today’s European Council, therefore, could sanction the final go-ahead for Recovery Fund. However, the news is not official yet and some rumors suggest that the next summit will be necessary to define the delicate issue of the rules for funds.
