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Poland and Hungary reached an agreement with the German presidency of the European Union to unlock the Recovery Fund, also known as the European “bazooka”, and the multi-year budget of the European Union.
The agreement, which comes on the eve of the start of the European summit, is being presented by Bloomberg.
Without detailing the general lines of the commitment, Polish Deputy Prime Minister Jaroslaw Gowin said Tuesday, according to Bloomberg, that the agreement was reached with the German presidency of the EU, currently in the rotating presidency of the Council of the European Union.
The agreement must be presented and accepted by the remaining 24 member states. The final agreement can be concluded on Friday.
Reuters news agency says it is a preliminary agreement and that the two countries are awaiting approval from the Netherlands and other member states.
“We preliminarily agree, but there is some pressure. The aim is to get it done before the European Union summit,” a government official in Poland was quoted as saying by Reuters.
For SIC, three sources in Brussels, one of them German, said that the understanding is going in a good direction, however, it is not yet closed.
Germany’s appeal
Germany had asked Hungary and Poland on Tuesday to lift the veto on the multi-year budgets of the European Union (EU) and thus unblock aid from the post-pandemic recovery fund.
“It would be irresponsible to further delay this essential support for our citizens. We need to quickly unlock this financial support that is so crucial for many Member States,” German Minister for Europe Michael Roth said ahead of the last General Affairs Council. under the German presidency.
Iron arm
Poland and Hungary blocked the approval of the EU multi-annual budget for 2021-2027 (€ 1.08 billion) and the associated post-pandemic recovery fund (€ 750 billion), which did not agree with the conditionality on access Community funds for respect of the rule of law.
The threat of a veto materialized on 16 November at a meeting of the permanent representations of the member states to the EU, in which the 27 were supposed to ‘seal’ the compromise reached by the German presidency, and it remained in the European Council .
