Eu Poland Hungary city Budapest city Warsaw president vaccine economy Eu Poland Hungary city Budapest city Warsaw

Mint Lite | Moderna covid vaccine, EU budget, climate, Assam oil fire & others

Reading now: 466
www.livemint.com

EU’s €1.1 trillion budget at riskThe European Union’s budget for the next seven years and a funding plan for the recovery of a virus-ravaged economy face the risk of being vetoed by Hungary and Poland.

The EU has made funding to member states contingent on their adherence to rule of law, a proposal that has Budapest and Warsaw chary.

Leaders of the two countries want this link between access to the money and the rule of law removed and a stalemate would leave the 27-member bloc without a 1.1-trillion-euro budget for 2021-27 and a 750-billion-euro economic revival package.

Nationalist governments in Hungary and Poland have been sparring with European partners for years over a perceived erosion of democratic rights and standards there.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA