If needed, the EU will arrange a restoration fund independently of the vetoes: Gentiloni
© Reuters. FILE PHOTO: Press conference after a video conference of the Eurogroup at the headquarters of the European Council in Brussels
ROM (Reuters) – The European Union will continue its EUR 1.8 trillion ($ 2.14 trillion) financial package to revitalize the bloc's COVID-hit economy, even as Hungary and Poland continue to seek a veto to appeal against the project, said Economic Commissioner Paolo Gentiloni on Friday.
Budapest and Warsaw vetoed the adoption of the EU budget 201-2027 worth € 1.1 trillion and the € 750 billion replenishment fund, as the budget law included a clause allowing access to funds from compliance dependent on the rule of law.
"We will not surrender to a veto," Gentiloni said at a conference organized by the Italian think tank, the Institute for International Political Studies, the ISPI and the Ministry of Foreign Affairs.
"The premise is that we are very clear about these member states, we will go on without them," said the former Italian Prime Minister.
He said he was concerned about the ongoing stalemate with the two Eastern European nations, but was also confident that an agreement through "the paths of diplomacy" would overcome it.
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