ZDEU - Brussels warns Poland and Hungary on EU budget

Hungary and Poland have been blocking the EU's seven-year budget and its post-crisis recovery for weeks, stopping nearly €2T from reaching member states, but the bloc may soon be moving on without them.At issue: Payouts from the budget would be suspended to a country if a weighted majority of nations determined a rule-of-law breach, like not adhering to democratic values like prosecuting high-level corruption.EU budget commissioner Johannes Hahn now says lawyers have found a way to get around Warsaw, Budapest and their objections by cutting them out of the recovery fund entirely and moving to a pared-back emergency budget for 2021.Scope for compromise? An EU leader summit scheduled for next week may still see a deal come to fruition, but the bloc has seen some shaky ground in the recent past.ETFs: [[FXE]], [[EWG]], [[EUO]], [[DAX]], [[EPOL]], [[ERO]], [[GF]], [[EWN]], [[PLND]], [[DRR]], [[HEWG]], [[EWGS]], [[ULE]], [[DXGE]], [[EFNL]], [[EUFX]], [[URR]], [[DBGR]], [[DEUR]],

For further details see:

Brussels warns Poland and Hungary on EU budget