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Secret EU plan ‘to sabotage Hungarian economy’ revealed as anger mounts at Orbán

Officials in Brussels have reportedly drawn up a secret plan to sabotage Hungary’s economy if Viktor Orbán decides this week to again block a €50bn support package for Ukraine.

The plan, reported by the Financial Times, reflects the fury mounting across European capitals at what one diplomat called the “policy of blackmail” being pursued by the Hungarian prime minister, who leads the bloc’s most pro-Russia state.

The FT said the strategy involved targeting Hungary’s economy, weakening its currency and reducing investor confidence.

Orbán blocked the €50bn in Ukraine funds in December, forcing an emergency leaders meeting to be scheduled on Thursday to revisit the matter.

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Jaysyn ,
@Jaysyn@kbin.social avatar

How is it secret when it's been talked about for the last three weeks?

deleted ,

Maybe supposed to be a secret?

Similar to Egypt economy situation now. Their currency value vanished overnight after they rejected the west plan to transfer people of Gaza to Sinai. What a coincidence.

aew360 ,

Is there no process to kick Hungary out?

ajlanes ,

@aew360 @world Nope. All that can be done is to withhold money from them.

theinspectorst ,
@theinspectorst@kbin.social avatar

No, they can do more. The nuclear option is to use Article 7 to suspend Hungary's voting rights at the European Council if they deem that Hungary is acting against the EU's values.

Stopping the flow of EU funds is part of the escalation route towards that but they won't do it unless they've exhausted other options - it's a tricky balancing act to cajole Orban into behaving like a European, and once they use Article 7 there will be no more escalation threats available.

thefluffiest ,

They can also block Hungary from exercising its voting rights, essentially suspending their EU membership. But not kicking them out altogether

mirtuevagnet ,

Even if the EU could, how would this be strategic in the long term?

Buddahriffic ,

Why do they need Hungary to sign on to send that money? Couldn’t they just agree to send that money outside of the EU framework? Or each country just sends what they want to individually.

I mean fuck Orban but why are they allowing him the power to prevent them from helping Ukraine?

breakfastmtn OP ,
@breakfastmtn@lemmy.ca avatar

They can do that and there have been discussions about it. They also think that allowing Orban to break the EU process is itself a victory for Orban and Putin because it’s a step toward fracturing EU unity.

Gradually_Adjusting ,
@Gradually_Adjusting@lemmy.world avatar

Quite so. They don’t want to have to deal with blocs of smaller nations, they want to be the big dog in every trade deal individually.

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