106
submitted 9 months ago by breakfastmtn@lemmy.ca to c/world@lemmy.world

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.

Archive

FT Report
FT Report Archive

you are viewing a single comment's thread
view the rest of the comments
[-] aew360@lemm.ee 16 points 9 months ago

Is there no process to kick Hungary out?

[-] thefluffiest@feddit.nl 18 points 9 months ago* (last edited 9 months ago)

They can also block Hungary from exercising its voting rights, essentially suspending their EU membership. But not kicking them out altogether

[-] ajlanes@thegoatery.dyndns.org 9 points 9 months ago

@aew360 @world Nope. All that can be done is to withhold money from them.

[-] theinspectorst@kbin.social 18 points 9 months ago

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.

[-] mirtuevagnet@lemmy.world 7 points 9 months ago

Even if the EU could, how would this be strategic in the long term?

this post was submitted on 30 Jan 2024
106 points (100.0% liked)

World News

38987 readers
1716 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS