The package includes the EU’s 1.1 trillion (3 1.3 trillion) multi-year financial structure, which is disbursed by each member state over a seven-year period, and $ 750 billion (8,858) in special Covit recovery funds), for which the EU focuses on financial markets Raises and delivers both loans and grants to member countries. Two member states, Poland and Hungary, have vetoed previous EU meetings. Both countries are currently under investigation, with allegations ranging from the suppression of political opposition to the undermining of the independence of the judiciary. However, at a meeting in Brussels, a compromise was reached, which satisfied the two innocent states. For example, if enough member states believe that Poland or Hungary have not met the EU agreed rules and standards, they can trigger a referendum, which can be won by a qualified majority. However, the recent agreement gives the country in question the option to challenge that decision in the European Court of Justice. Vera Jurova, vice-president of the European Commission, said she was “satisfied that the legal framework for the regulation of the rule of law is untouchable and that there is a” deserving majority vote at the end of the Council “. This is their right. I expect the continuation to go fast. In my view, we are talking about months rather than years. “However, it does not satisfy critics of Hungary or Poland. Hungary’s Prime Minister Viktor Orban rushed to demand victory as soon as the agreement was reached.” We ‘won. At a difficult time of epidemic and economic crisis, there is no time to pursue political and ideological debates that will prevent us from acting, “said Orban. There is a concern that the effective use will be delayed, “said Zakub Zaragozywski, legal officer for the International Committee on Democratic Reporting, who told CNN:” If the member states can challenge the proposed regulation of the European Court of Justice, it could take a long time to effectively implement the conditional mechanism. “The deal will be a great relief to European citizens who have been badly affected by the Covid-19 epidemic. In fact, Brussels’ top brass were in a celebratory mood.” Now we can start implementing and rebuild our economies, “EU Council President Charles Michael tweeted. “Our milestone recovery package will move our green and digital transformations forward.” However, in the days to come, EU critics will accuse the rule of law of blinking an eye, which is a fundamental cornerstone of the unity of unity.
Source