Hungary's government agrees to financially supporting Ukraine, but not to another joint borrowing.Continue reading
The European Parliament’s Budgets Committee on Wednesday discussed the EU’s diversified borrowing strategy in the context of the 18 billion euro financing for Ukraine and the post-pandemic recovery.
Andor Deli, MEP of Hungary’s governing Fidesz party, pointed out in the debate that the EU must not become a debt community and place future generations in debt.
He drew attention to the serious delays in payments of reconstruction funds. Two years on, only 95 billion euros of the 338 billion euros available has been paid out. For loans, it is even less: 47 billion euros out of a possible 385 billion euros has been disbursed. 16 member states have not yet received any funds other than pre-financing, and there are still five member states that have not received any pre-financing, he pointed out.
According to Deli, this creates an uneven playing field between national economies.
The common loan, as a crisis management tool, is not a panacea and must therefore remain an exceptional, individual case. The EU should be held together by the principle of the four freedoms, not by debt responsibility,”
Featured photo via the European Parliament