Europe

The EU sees the future with a mountain of debt

Hungary supports Ukraine financially and the necessary funds have already been allocated for this purpose, but “we do not support the European Union taking on debt,” declared Viktor Orban.

Prime Minister Viktor Orban spoke of Hungary’s position on the European Union’s plans for another joint loan to help Ukraine. v4 summit in Kosice (Kassa), Slovakia on Thursday.

He stressed: We supported the provision of financial aid to Ukraine and told them in advance that this was necessary and the right thing to do,” he said, adding that Hungary would bear part of this financial burden.

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“We are talking about 18 billion euros, the government has already allocated a Hungarian share of this amount in the budget and we will give this money to the Ukrainians,” the prime minister repeated.

He stressed that Hungary “does not support any kind of solution that advances the European Union in the direction of joint debt”. “I don’t think it’s a good move for the European Union to make the European Union and its member states indebted with respect to some issues and the need for more and more money in the future,” Orban said. no,’ he said.

This is a bad direction and we will never support it, whether in Ukraine or in other financial matters.

Prime Minister confirmed.

“It is a lie that Hungary has blocked European Union support for the functioning of Ukraine so far. said at the Energy Council.

The government has made it clear that it is ready to provide part of the planned 18 billion euros to Ukraine on a bilateral basis, but does not support joint borrowing, he told journalists.

“The European Union was not created as a debt union. Again, this is a move against European treaties and against the vision we have for Europe’s future,” stressed Sijart. Did.

The future of the European Union is not headed for a pile of debt.

he emphasized.

The Hungarian government has been accused by the Western press and some politicians of not simply refusing to co-borrow on principle, but of using the issue for blackmail. The charges were also made in a report adopted by the European Parliament on Thursday. In contrast, the Hungarian government has made it clear that it does not intend to hold the issue of aid to Ukraine hostage, instead wanting another joint debt.

The European Union has already co-financed to deal with the economic impact of the coronavirus epidemic, and Hungary has supported this for the sake of EU unity, despite its reservations in principle. did. Meanwhile, the European Commission still withholds Hungary’s recovery funds, citing rule of law issues.

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Featured photo by the European Commission



https://hungarytoday.hu/the-eu-is-looking-at-a-future-with-mountains-of-debt/ The EU sees the future with a mountain of debt

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