Poland & Hungary Accept German Proposal On $2.2 Trillion EU Stimulus

Read more on this subject: European Union
News Story Source: https://www.zerohedge.com, by Tyler Durden
Germany has mediated a way through the blocked 1.8 trillion euros ($2.18 trillion) EU budget and coronavirus relief package proposal that Poland and Hungary were jointly blocking due to clauses linking the funds with rule of law and conditioned but vaguely defined democratic standards.

While some member states remain skeptical, the two countries are said to have preliminarily accepted it. Thursday's European Council summit is set to take up the matter.

One official with knowledge of the negotiations told Reuters that "We are preliminarily in agreement but there is some pressure…the aim is to have this done before the EU summit (on Thursday)."

And Polish Deputy Prime Minister Jaroslaw Gowin confirmed an agreement had been reached with Germany – enough to drop the veto threat, saying, "For now we have agreement between Warsaw, Budapest and Berlin." He further told reporters in Warsaw on Wednesday, "I bel
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