29 Jan, 2024 11:57
Hungary accuses EU of blackmail
Budapest has continued to object to a planned aid package to Ukraine ahead of an EU summit this week
Hungary’s minister for European affairs, Janos Boka, has said that Budapest will not give in to Brussels’ “blackmail” following a report that claimed that theEU would seek to sabotage the country’s economyif it does not relent in blocking a European aid package for Ukraine.
Ahead of a summit of EU leaders on Thursday, Hungarian Prime Minister Viktor Orban has pledged tocontinue to blockthe use of the European bloc’s collective budget to funnel €50 billion ($54 billion) in aid to Ukraine.
Should Orban not relent in lifting its veto, Brussels could seek tosabotage Budapest’s economyby pulling funding to the EU member state, the Financial Times said on Sunday, citing confidential plans drawn up by European leaders seen by the newspaper.
The strategy, the FT noted, could impact Hungary’s currency and incite a downturn in investment, which would affect “jobs and growth.” But Boka, Budapest’s European affairs chief, has said that Hungary will refuse to be dictated to by European bureaucrats over its unwillingness to sign off on fresh aid to Ukraine.
“Hungary does not allow blackmail,” he wrote on social media late on Sunday. “The agreement confirms what the Hungarian government has been saying for a long time:Brussels is using access to EU resources as a means of political pressure.”
He added: “Hungary makes no link between supporting Ukraine and access to EU resources and refuses to let others do so. Hungary so far will continue to participate constructively in the negotiations, but it does not allow blackmail.”
The document, which the FT said was produced by an official in the Council of theEU, highlights what it says areHungary’s economic vulnerabilities. These include “very high public deficit,” “very high inflation,” a weak currency, and problems in debt repayment.
It added that Hungarian economic growth heavily depends on overseas investment, which, in turn, is driven by “high levels of EU funding.” A spokesperson for the Council of the EU told the FT that it has a policy of not commenting on leaks.
Speaking last month, Orban insisted that the EU must meet certain conditions if Budapest was to lift its veto, including making the package modest in size and stretching it over one year rather than four.Hungarymust also beexempt from any new joint EU borrowingover the matter, the PM added.
Another tactic reportedly being considered within the EU bloc is to invoke Article 7 of the Treaty of the European Union, which would allow Brussels to strip Budapest of its voting rights. However, this would require uniformity within the other 26 member states – a step many European countries appear unwilling to take.
(The EU is already an inefficient and corrupt organization, it was only set up for financial benefit of trade and industry. They converted to a political power dictating laws in each country. The EU Council is destroying EU countries through blackmail and massive illegal immigrants flooding the country. Slowly EU countries are going to withdraw from the EU. It’s just money laundering and blackmail organization. And NATO has decreased the individuals countries of sustaining military protection. There is a false belief that all countries will protect each other, but what if more than two countries are attacked. They fail to realize they are already been taken over from within by Muslim forces.)
https://www.rt.com/news/591459-eu-hungary-ukraine-aid-blackmail/