Poland, Hungary Risk $220 Billion by Digging In on Stimulus
- Diplomats say Polish premier is adamant he will veto EU plan
- Rest of EU determined to not give in to Poland, Hungary
Mateusz Morawiecki and Viktor Orban
Photographer: Omar Marques/Getty Images
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The rift between the European Union and its two budget holdouts is getting wider, with Poland and Hungary rejecting appeals to lift their veto and the rest of the bloc plotting to carve out a stimulus plan that excludes them.
Budapest and Warsaw are growing more entrenched in their positions while the vast majority of other member states are determined not to give in to demands to revise a 1.8 trillion-euro ($2.2 trillion) spending package, two diplomats familiar with the ongoing discussions said. The bloc’s leaders will now most likely have to tackle the matter when they meet on Dec. 10.