Hungarian Prime Minister Viktor Orbán had announced that he would block the use of the EU budget for financial support for Ukraine and is now coming under increasing pressure. picture alliance / Anadolu | Mustafa Yalcin
Hungarian Prime Minister Viktor Orbán announced that he would block the use of the EU budget for financial support to Ukraine.
According to the Financial Times (FT), the EU planned to damage Hungary’s economy if Budapest blocks the new 50 billion euro aid package at a summit on Thursday.
Hungary has now given in and declared that it is open to adopting the proposed package through the EU budget under certain conditions.
The European Union is said to have planned to damage Hungary’s economy if Budapest blocks new aid to Ukraine at a summit on Thursday, reports the „Financial Times“ (FT). It’s about an aid package worth 50 billion euros.
In an EU document that the „FT“ Brussels has outlined a strategy aimed at addressing Hungary’s economic weaknesses. The aim is to jeopardize the country’s currency and shake investor confidence in order to damage “jobs and growth”, the British newspaper said.
Now Hungary is willing to compromise
János Bóka, Hungary’s EU minister, told the FT that they had sent a new proposal to Brussels on Saturday. Hungary is now open to using the EU budget for the Ukraine package and even taking on common debt to finance it.
However, caveats should be added giving them the opportunity to change their mind at a later date. In order to preserve the unity of the EU, Bóka said, it is important to make compromises. However, Hungary’s vital interests should not be compromised.
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