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Free AccessGuardian-EU Patience w/Hungary Re: Ukraine Aid Running Out
Lisa O'Carroll at The Guardian posts on X regarding the state of play ahead of next week's special European Council summit and efforts to reach agreement on a support package for Ukraine: "EU leaders running out of patience with [Hungarian PM] Viktor Orban as he looks to yet again block €50bn in aid for Ukraine. Some member states (MS) want to trigger Article 7 which would block his voting rights. Sources - if we give into "blackmail" he will keep doing it. "Frustration felt by member states higher than December" [...].
- O'Carroll: "Article 7 were triggered, the 26 member states would have to give Orban time to respond, say a month, sources say, but the MS could quickly move after that. Would rely on [Italy PM Giorgia] Meloni and [Slovakian PM Robert] Fico to come on board - they too wd have to decide - national or EU interests? [...]"
- The removal of voting rights for a member state is viewed as a 'nuclear option'. However, the fact that it is being discussed, even if only anonymously, shows the pressure many EU leaders feel regarding ensuring Brussels passes the Ukraine aid package as-is.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.