If 🇵🇱 & 🇭🇺 don’t drop their veto by Dec. 7, then the EU will have to operate via monthly emergency budgets as of January. That would mean financial paralysis & the progressive suspension of all but essential spending, the Commission warned today bloomberg.com/news/articles/…
The budget situation will get progressively worse, for reasons related also to Brexit, the Commission explained to EU ambassadors today. The French envoy warned the rule of law quarrel could signal a “fundamental rupture,” which raises questions about the very future of the EU.
There are procedural and legal reasons why this is the case, which can’t fit in a tweet, and don’t matter that much. The point is that the situation is serious. Spain’s envoy urged his peers to communicate to capitals how grave is the situation
There was also a fight in today’s COREPER between the Polish Ambassador and the council’s legal service for those who care for these things. The bottom line, however, is that Poland and Hungary showed no signs of willingness to compromise. And Dec. 7 is close...
Worth noting that even for the continuation of current programs which don’t expire, the monthly (and then annual) roll over of the current budget doesn’t suffice. These have been budgeted taking into account a huge net contributor (the U.K.). In the absence of a new budget deal..
...other net contributors can’t chip in to cover the gap. If I understand this right, this creates an annual shortfall of some 25 billion which will necessitate the deferral of payments for, say, cohesion policies.
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