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Friday, December 11, 2020

EU reaches budget deal with Hungary and Poland. Soros is very unhappy

 “The German chancellor worked under tremendous pressure to prevent the veto of the EU budget for 2021-27 and the Covid-19 reconstruction fund. However, the compromise she has reached with Hungary and Poland is one of the worst that could be,” - George Soros assessed the results of the European Council summit in Brussels.

“The European Union has faced an existential crisis, and already EU leadership responds with a compromise that seems to reflect the belief that this threat can simply be rejected,” - wrote Soros.

“As I write this article, it seems clear that Merkel has negotiated a compromise with Orban and Poland, and de facto its leader, Deputy Prime Minister Jarosław Kaczyński. However, an agreement concluded with two rebellious countries means the worst possible thing” - he wrote.
“First, the declaration changes the content and intention of the regulation text that was agreed by the EU institutions on November 5, significantly weakening the conditionality of the rule of law. […] Secondly, some provisions in the agreement will serve to postpone for two years the implementation of the conditionality of the rule of law.”

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