Monday , June 27 2022

EU budget and COVID-19 recovery fund. David Sassoli’s Main EP: The rebuilding fund will take effect even if there’s a veto


The EU reconstruction fund and the mechanism linking payment of EU funds to the rule of law will take effect even if the veto of Poland and Hungary is confirmed, European Parliament President David Sassoli said in an interview on for Italian television. As he said, “you can’t take a step back”.

On Saturday, in an interview with Italian news station Sky Tg24, European Parliament President David Sassoli said the deal reached was on the EU reconstruction fund, which is supposed to help in the fight against the crisis surrounding with the COVID-19 pandemic, says “can’t be touched”.


– Now, Poland and Hungary are to resolve the issue of their consent. If it’s not there, we’ll obviously move on anyway. On the fund and on the rule of law, says the Italian politician. As he noted, “you can’t take a step back”. “These tools are going to take effect,” Sassoli added.

David Sassoli, President of the European ParliamentEuropean Parliament

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EU budget veto announced

Poland and Hungary oppose the regulation on a mechanism that links access to EU funds to the rule of law. The other 25 EU countries accepted this proposal, and the regulation – despite objections from the Polish and Hungarian sides – was adopted by a competent majority of member states.

Therefore, representatives of the Polish and Hungarian governments announce the possibility of vetoing the next EU long-term budget for 2021-2027. The so-called COVID-19 recovery fund is also part of the budget package.

Orłowski: It’s very easy to avoid the Polish and Hungarian vetoTVN24

On Wednesday, Prime Minister Mateusz Morawiecki, when asked whether it is possible to move money from the reconstruction fund after the COVID-19 epidemic, bypassing Poland and Hungary, replied, “each state can agree to a separate fund with a state other. ” He added that he does not rule out the possibility of cooperating under the rebuilding fund today, but believes that “however desirable that might be, without this reconstruction fund we will not repair roads or build new ones”.

Government spokesman Piotr Mueller said on Friday that Poland fully maintains its stance on the regulation that dictates spending of EU funds.

Morawiecki: thanks to the veto in many areas, the European Union continuesTVN24

The next top-level budget discussions will take place on December 10-11 during the EU summit. EU leaders will seek to resolve the current situation associated with the announced veto.

Reconstruction Fund

From the reconstruction fund, Poland can receive EUR 34.2 billion in loans (PLN 153 billion) and EUR 23.1 billion (PLN 103 billion) in the form of non-repayable subsidies from the European Union Reconstruction Fund. From this source, Poland receives, among others funding for the “clean air” program.

The € 750 billion reconstruction fund was agreed at the July summit in Brussels. The deal assumes it will include 390 billion euros in grants and 360 billion euros in loans. Most will be the Recovery and Resilience Facility. According to the agreement of heads of state and government reached at the July EU summit, it will total EUR 672.5 billion. EU leaders have decided that this amount will include EUR 360 billion in loans and EUR 312.5 billion in grants.

Main photo source: European Parliament

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