this post was submitted on 29 Jan 2024
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EU threatens to hit Hungary's economy if Orban vetoes Ukraine aid (www.reuters.com)
submitted 9 months ago by 0x815@feddit.de to c/europe@feddit.de
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Original Financial Times article (behind paywall)

The European Union 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, the Financial Times reported on Sunday.

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 on the aid to Kyiv, the newspaper reported, citing a document drawn up by EU officials.

Notorious for many bitter feuds with the EU during his 13 years in power, Hungarian Prime Minister Viktor Orban has become a vocal critic of the bloc's support for Ukraine and boasted about his ties with the Kremlin since Russia went to war in Ukraine in February 2022.

The document seen by FT declares that "in the case of no agreement in the February 1 [summit], other heads of state and government would publicly declare that in the light of the unconstructive behaviour of the Hungarian PM . . . they cannot imagine that" EU funds would be provided to Budapest.

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[–] geissi@feddit.de 4 points 9 months ago

This all seems so implausible.

They can't cut funding but they can enact all that?

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”

How? Supposedly there is a document outlining all this, then why not mention how this is supposed to work?
And how are these plans supposed to compel Hungary to do something if they are secret?