<\/p>\n
Sudan Events – Sumaya Sayed\u00a0<\/strong><\/p>\n The EU will sabotage Hungary\u2019s 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.<\/p>\n In a document drawn up by EU officials and seen by the Financial Times, Brussels has outlined a strategy to explicitly target Hungary\u2019s economic weaknesses, imperil its currency and drive a collapse in investor confidence in a bid to hurt \u201cjobs and growth\u201d if Budapest refuses to lift its veto against the aid to Kyiv. Viktor Orb\u00e1n, Hungary\u2019s premier, has vowed to block the use of the EU budget to provide \u20ac50bn in financial aid to Ukraine at an emergency summit of leaders on Thursday.<\/p>\n If he does not back down, other EU leaders should publicly vow to permanently shut off all EU funding to Budapest with the intention of spooking the markets, precipitating a run on the country\u2019s foreign currency and a surge in the cost of its borrowing, Brussels stated in the document. \u201cThis is Europe telling Viktor Orb\u00e1n \u2018enough is enough; it\u2019s time to get in line. You may have a pistol, but we have the bazooka\u2019,\u201d said Mujtaba Rahman, Europe director at Eurasia Group, a consultancy.<\/p>\n \u201cHungary does not establish a connection between support for Ukraine and access to EU funds, and rejects other parties doing so,\u201d he said. \u201cHungary has and will continue to participate constructively in the negotiations.\u201d<\/p>\n The document, produced by an official in the Council of the EU, the Brussels body that represents member states, lays out Hungary\u2019s economic vulnerabilities \u2014 including its \u201cvery high public deficit\u201d, \u201cvery high inflation\u201d, weak currency and the EU\u2019s highest level of debt servicing payments as a proportion of gross domestic product.<\/p>\n","protected":false},"excerpt":{"rendered":" Sudan Events – Sumaya Sayed\u00a0 The EU will sabotage Hungary\u2019s 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 …<\/p>\n","protected":false},"author":3,"featured_media":12980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-12979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international"],"_links":{"self":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/12979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/comments?post=12979"}],"version-history":[{"count":1,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/12979\/revisions"}],"predecessor-version":[{"id":12981,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/12979\/revisions\/12981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/media\/12980"}],"wp:attachment":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/media?parent=12979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/categories?post=12979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/tags?post=12979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}