If Hungary again blocks aid to Ukraine, the European Union will use a plan to undermine the country’s economy. The British newspaper found out about this, the Financial Times.
The media claims that Brussels is preparing to collapse the Hungarian forint and reduce the country’s investment attractiveness in order to harm “jobs and growth.” The newspaper refers to a document that states that measures will be taken if an agreement is not reached at the summit on February 1. In this case, the EU is unlikely to release the promised money to Budapest, without which financial markets and European and international companies may be less interested in investing in Hungary, and this could lead to a budget deficit and a depreciation of the currency in Hungary.
At the same time, the Hungarian Minister for EU Affairs Janos Boka has already stated on social networks that he is not aware of such threats, but stressed that Hungary will not succumb to pressure and blackmail. According to him, Hungary does not make a connection between support for Ukraine and access to EU funds. He clarified that Budapest sent a new compromise proposal to Brussels and preliminary agreed to provide assistance to Kyiv, as quoted by Kommersant.
We add that at the summit on February 1, EU leaders will consider allocating 20 billion euros to Kyiv for military assistance for four years, as well as 50 billion euros in financial assistance for 2024-2027.
Source: Rosbalt
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
