EU

The EU summit in Brussels has brought the attention of the public to the issue of how the European idea should be approached. Is Europe a mere community of countries sharing similar economic interests, or is it more than that? A clear response is still awaited to this question, even if the circumstances arisen due to the COVID-19 pandemic have revealed with unusual clarity the stance taken by the EU member countries concerning the rule of law.

Hungary and Poland indicated in November that they would veto the European Union’s Multiannual Financial Framework (MFF) for 2021-2027 and the Next Generation EU (NGEU) economic recovery fund. However, recent developments indicate that Hungary’s and Poland’s views on the matter have diverged. Hungary continues to risk delaying the arrival of new EU subsidies that would allow the Government to make new spending commitments in the last full year before the 2022 general election. Yet, considering the current politico-economic situation in the EU, Hungary does stand a chance of achieving some of its immediate goals. So, the key question is: What does Budapest stand to gain by using its veto?

When Germany took over the presidency of the Council of the European Union from Croatia, the rest of the EU Member States welcomed it with a kind of relief. After the first wave of the COVID-19 pandemic in the spring of 2020, Europe found itself on the brink of a deep economic crisis. The EU capacities were occupied with other burning issues: post-COVID economic recovery, negotiations of the next Multiannual Financial Framework (MFF), the climate crisis, the ongoing Brexit negotiations, and the need for a new pact on migration. Germany’s takeover was seen as good luck during a European misfortune, as the country well known for its negotiation skills and experienced diplomats is also the EU’s economic powerhouse.