The European Union is preparing an alternative plan to provide Ukraine with EUR 20 billion (22.09 billion USD) in financial support to circumvent the veto of Hungarian Prime Minister Viktor Orbán, reported the Financial Times.

The European Union is preparing an alternative plan to provide Ukraine with EUR 20 billion (22.09 billion USD) in financial support to circumvent the veto of Hungarian Prime Minister Viktor Orbán, reported the Financial Times.

The proposed mechanism could be used if Orbán’s veto cannot be overcome at the planned summit on Feb. 1., said the report.

. . .

The approach is like the EC’s COVID-19 response, when 100 billion EUR was provided to EU countries in 2020.

This option does not require guarantees from all 27 EU member states, allowing the inclusion of countries with the highest credit ratings as principal participants.

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  • MrMakabar
    111·
    6 months ago

    The areas the EU has been successful in usually do not require unanimity. In terms of the common market, that is for the most part a simple majority or a qualified majority. That also includes a lot of environmental laws and standardization. The Euro is not used by all members and some do not want to join at all.

    In terms of foreign policy we can see the problems with Orban right now. It kind of works, but as soon as anybody has a problem it starts to cause massive problems for everybody. There is a reason treaty negotiations have been started again.