On Monday, December 12, late in the evening, the ambassadors of the EU countries agreed on the fate of Hungarian subsidies, currently frozen for non-compliance with the law. Under the terms of the “deal” with Budapest, Member States approve a €5.8bn Magyar recovery plan, subject to conditions and reducing the suspension of cohesion funds to €6.3bn instead of the €7.5bn recommended by the European Commission. In return, Hungary lifts its veto on an 18 billion euro bailout plan for Ukraine and a 15 percent tax on transnational corporations. LVH.
conservative weekly cartridge welcomes the “favorable compromise” reached after intense negotiations. “We don’t need to make a loan to Ukraine and maintain our significant corporate tax advantage. (9%, the lowest rate in Europe). In return, Member States adopt a recovery plan, lower the cost
Source: Courrier International
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