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Brussels threatens to hit Hungary’s economy if Viktor Orbán vetoes Ukraine aid
Financial Times ^ | 1/28/24 | Henry Foy

Posted on 01/31/2024 7:46:49 AM PST by hardspunned

The EU will sabotage Hungary’s economy if Budapest blocks fresh aid to Ukraine at a summit this week, under a confidential plan drawn up by Brussels that marks a significant escalation in the battle between the EU and its most pro-Russian member state. 

In a document drawn up by EU officials and seen by the Financial Times, Brussels has outlined a strategy to explicitly target Hungary’s economic weaknesses, imperil its currency and drive a collapse in investor confidence in a bid to hurt “jobs and growth” if Budapest refuses to lift its veto against the aid to Kyiv.

(Excerpt) Read more at ft.com ...


TOPICS: Foreign Affairs
KEYWORDS: hungary; ukraine
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To: hardspunned

Hope Russia steps in and absorbs the blow.


21 posted on 02/01/2024 6:55:39 AM PST by Socon-Econ (adi)
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To: Socon-Econ

If you were the Czechs or Romanians, how secure would you feel after seeing the Brezhnev Doctrine applied to your neighbor and supposed ally? I’d be looking for some alternative arrangement, like BRICS.


22 posted on 02/01/2024 7:09:31 AM PST by hardspunned (Former DC GOP globalist stooge)
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To: hardspunned

If you were the Czechs or Romanians, how secure would you feel after seeing the Brezhnev Doctrine applied to your neighbor and supposed ally? I’d be looking for some alternative arrangement, like BRICS.
**********
1. It depends on how the Russians “absorbed” the blow. Wouldn’t bother me if Russia offered a trade deal that Hungary couldn’t refuse.

2. What would bother me more is how Brussels is waging economic warfare to prevent a small member state from exercising a veto that it certainly has a right to exercise.


23 posted on 02/01/2024 7:45:11 AM PST by Socon-Econ (adi)
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To: Krosan

That’s the system the EU set up - Hungary didn’t make them do it. And saying they are “abusing their vote” because they don’t vote the way you want them to just bespeaks the arrogance of anti-democratic elitism that is precisely on display here.


24 posted on 02/01/2024 8:50:23 AM PST by EnderWiggin1970
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To: EnderWiggin1970
And saying they are “abusing their vote” because they don’t vote the way you want them to just bespeaks the arrogance of anti-democratic elitism

Veto is not voting. Voting is an instrument of democracy and veto is an instrument against democracy. That instrument was created because there are cases where UNRESTRICTED democracy is wrong.

There might be cases like that where unrestricted democracy fails and the checks and balances were left to the peers in the union. It is obvious that one member treating the veto as an asset and milking for all that it's worth would destroy the union.

That's why there is a check/balance system, where other members of the union will make anyone attempting this stop.

Hungary attempted it. They were made to stop.

Hungary is 1% of the European economy 2% in population. Would you imagine America could work if any 2% population district could have a veto on anything they like and milk it for bribes?

25 posted on 02/02/2024 5:09:02 AM PST by Krosan
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To: hardspunned

Viktor Orbán is very popular in Hungary.

Germany is NOT.


26 posted on 02/03/2024 3:34:20 PM PST by Texas Fossil (Texas is not about where you were born, but a Free State of Heart, Mind and Attitude.)
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To: Texas Fossil

The Hungarians remember what happened the last time the Germans talked them into joining up and going to attack Russia.


27 posted on 02/03/2024 3:43:30 PM PST by hardspunned (Former DC GOP globalist stooge)
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To: hardspunned

Yes, and it seems the Germans have not changed.


28 posted on 02/03/2024 9:26:58 PM PST by Texas Fossil (Texas is not about where you were born, but a Free State of Heart, Mind and Attitude.)
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