Germany Strikes Deal With EU Stimulus Holdouts, Poland Says | Metals Mine

  • Germany Strikes Deal With EU Stimulus Holdouts, Poland Says

    From bloomberg.com

    Polish Deputy Prime Minister Jaroslaw Gowin said that Poland and Hungary agreed on a compromise with Germany to unblock the European Union’s $2.2 trillion budget and stimulus plan. The Polish zloty and Hungarian forint extended gains against the euro after the announcement. Poland and Hungary had vetoed the massive funding plan over objections to tying funding to the adherence to the rule of law. The breakthrough happened the day before a critical EU summit of leaders. At stake for the pair was another round of massive EU aid in return for oversight over how the money is spent to ensure members adhere to the ... (full story)

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RossEdwards
Dec 9, 2020 5:22am
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Quoting RossEdwards
{quote}... Do you think that this spat with the petty dictators in Poland and Hungry will prevent the EU from moving forward?...
It always amuses me that when some spat develops in the EU, how euroskeptics immediately turn it into Armageddon. Last week the Poland/Hungry veto was the latest spat that engaged the doom mongers.
Was going to paralyze the budget and the EU CV19 Solidarity Fund? EU is far from perfect and these measures are far far far from perfect but the knee-jerk schadenfreude that emerges particularly in Anglophone media and comment here when ever a spat emerges between members is regrettable.
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Bones
Dec 9, 2020 6:23am
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They can keep this Titanic motoring for a long time
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Bakker
Dec 9, 2020 6:25am
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What I don't understand is how come that Germany can overrule criteria which the whole EU (inclusive of Germany) has decided on?
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