EU has contingency plan in case Polish-Hungarian veto's uphold
22:27
The European Union has developed the concept of an alternative instrument that aims to sustain EU funding despite the non-approval of the Multiannual Financial Framework. Earlier, the European Commission confirmed that, if necessary, the EU would take steps to circumvent the veto put forward by Poland and Hungary.
In an interview published on Friday with the Financial Times, budget commissioner Johannes Hahn announced that European Commission lawyers have found ways to legally circumvent the announced veto of the new multiannual financial framework and the New Generation EU Reconstruction Fund by Warsaw and Budapest.
"I think both of these countries will lose a significant amount of money from next year and they will risk losing even more in the future," said the Austrian.
According to the calculations of the European Central Bank, Poland and Hungary can count on the support of 3 percent of their GDP under both new instruments. However, if Warsaw and Budapest uphold the veto, the European Union will work out alternative methods, so as not to condemn citizens of other countries to extend the waiting time for receiving funds.
"Poland and Hungary are unable to stop us from directing aid to our citizens. We are aware of our responsibility, so we have already started working on alternatives," said the commissioner.
