Secret EU plan ‘to sabotage Hungarian economy’ revealed as anger mounts at Orbán
Officials in Brussels have reportedly drawn up a secret plan to sabotage Hungary’s economy if Viktor Orbán decides this week to again block a €50bn support package for Ukraine.
The plan, reported by the Financial Times, reflects the fury mounting across European capitals at what one diplomat called the “policy of blackmail” being pursued by the Hungarian prime minister, who leads the bloc’s most pro-Russia state.
The FT said the strategy involved targeting Hungary’s economy, weakening its currency and reducing investor confidence.
Orbán blocked the €50bn in Ukraine funds in December, forcing an emergency leaders meeting to be scheduled on Thursday to revisit the matter.
Secret EU plan ‘to sabotage Hungarian economy’ revealed as anger mounts at Orbán
Brussels’ fury grows over Budapest’s ‘policy of blackmail’ in continuing to hold up £50bn support packageLisa O'Carroll (The Guardian)
Buddahriffic
in reply to breakfastmtn • • •Why do they need Hungary to sign on to send that money? Couldn't they just agree to send that money outside of the EU framework? Or each country just sends what they want to individually.
I mean fuck Orban but why are they allowing him the power to prevent them from helping Ukraine?
breakfastmtn
in reply to Buddahriffic • • •Hungary’s Orbán blocks €50bn EU long-term financial support to Ukraine
Mared Gwyn Jones (Euronews.com)The Snark Urge
in reply to breakfastmtn • • •aew360
in reply to breakfastmtn • • •Alexandra Lanes
in reply to aew360 • •World News reshared this.
theinspectorst
in reply to Alexandra Lanes • • •No, they can do more. The nuclear option is to use Article 7 to suspend Hungary's voting rights at the European Council if they deem that Hungary is acting against the EU's values.
Stopping the flow of EU funds is part of the escalation route towards that but they won't do it unless they've exhausted other options - it's a tricky balancing act to cajole Orban into behaving like a European, and once they use Article 7 there will be no more escalation threats available.
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TurtlePower
in reply to theinspectorst • • •theinspectorst
in reply to TurtlePower • • •There is no mechanism to throw Hungary out completely. The only mechanism for a member state to leave the EU is in the hands of that member state's government.
So once you've suspended their voting rights, he goes fully into Putin's arms and suddenly you've got an EU member state that is explicitly an agent of Russian foreign policy and doesn't even make the pretense of being European anymore. That may still be the endpoint they need to arrive at, but cajoling him into compromises such as they did on opening Ukrainian membership talks - where Orban agreed to leave the room when the vote took place so didn't need to vote in favour but wouldn't block the unanimous vote that was needed - is still a better outcome for the EU and Ukraine.
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thefluffiest
in reply to aew360 • • •mirtuevagnet
in reply to aew360 • • •Jaysyn
in reply to breakfastmtn • • •deleted
in reply to Jaysyn • • •Maybe supposed to be a secret?
Similar to Egypt economy situation now. Their currency value vanished overnight after they rejected the west plan to transfer people of Gaza to Sinai. What a coincidence.