{"id":5157,"date":"2020-05-29T13:51:27","date_gmt":"2020-05-29T13:51:27","guid":{"rendered":"https:\/\/www.sportsnewsforyou.com\/?p=5157"},"modified":"2020-05-29T13:51:27","modified_gmt":"2020-05-29T13:51:27","slug":"eu-recovery-fund-plan-absurd-orban-says","status":"publish","type":"post","link":"https:\/\/googmn.com\/?p=5157","title":{"rendered":"EU recovery fund plan &#8216;absurd,&#8217; Orb\u00e1n says"},"content":{"rendered":"<figure class=\"art\"><figcaption>\n<p>Hungarian Prime Minister Viktor Orb\u00e1n | Sean Gallup\/Getty Images<\/p>\n<\/figcaption><\/figure>\n<header>\n<h1>EU recovery fund plan &#8216;absurd,&#8217; Orb\u00e1n says<\/h1>\n<p class=\"subhead\">Hungarian PM complains scheme would mean &#8216;financing the rich from the money of the poor.&#8217;<\/p>\n<\/header>\n<footer class=\"meta\">\n<p>\n\t\t\tBy\t\t\t<span class=\"byline\"><br \/>\n\t\t\t\t<span class=\"vcard\">Lili Bayer<\/span>\t\t\t<\/span>\n\t\t<\/p>\n<p class=\"timestamp\"><time datetime=\"2020-05-29T11:45:34+02:00\">5\/29\/20, 11:45 AM CET<\/time><\/p>\n<p class=\"updated\">Updated <time datetime=\"2020-05-29T11:51:26+02:00\">5\/29\/20, 11:51 AM CET<\/time><\/p>\n<\/footer>\n<p>The European Commission&#8217;s proposal to allocate a large portion of a \u20ac750 billion recovery fund to relatively well-off countries is &#8220;absurd and perverse,&#8221; Hungarian Prime Minister Viktor Orb\u00e1n said Friday.<\/p>\n<p>&#8220;Financing the rich from the money of the poor is I think not a good idea,&#8221; Orb\u00e1n told state-owned Kossuth R\u00e1di\u00f3.<\/p>\n<p>Under the Commission&#8217;s proposal, unveiled this week, the EU would raise \u20ac750 billion on the markets and distribute the money as a mix of grants and loans to member countries. The bloc would repay the grants over 30 years, starting in 2028.<\/p>\n<p>The largest beneficiary of the plan would be Italy, which would be eligible for accessing up to \u20ac172.7 billion out of the \u20ac750 billion, according to Commission figures seen by POLITICO. Spain would be the second-largest beneficiary, receiving a maximum of 140.4 billion, followed by Poland with \u20ac63.8 billion.<\/p>\n<p>Hungary would be eligible for a total of \u20ac15 billion \u2014 \u20ac8.1 billion in grants and \u20ac6.9 in loans.<\/p>\n<p>&#8220;The situation is that the new distribution system that they presented to us is an absurd and perverse solution, because it gives more resources to the rich than to the poor,&#8221; Orb\u00e1n said.<\/p>\n<p>While noting that there is a need to study the Commission proposal, Orb\u00e1n raised concerns about Hungary participating in guaranteeing EU borrowing.<\/p>\n<p>The proposal would mean &#8220;you as a Hungarian citizen need to take responsibility for the repayment of Greek, Italian or French debt, and if they can&#8217;t, you pay it back,&#8221; Orb\u00e1n said.<\/p>\n<p>Click Here: <a href='https:\/\/www.kankenbags.com\/cheap-kanken-backpack\/fjallraven-kanken-art-spring-landscape-backpacks' title='Fjallraven Kanken Art Spring Landscape Backpacks'>Fjallraven Kanken Art Spring Landscape Backpacks<\/a><\/p>\n<p>The prime minister also announced a new &#8220;national consultation&#8221; where Hungarians would receive questions by post, including on Hungarian-American businessman George Soros&#8217; idea of perpetual bonds, which Orb\u00e1n referred to as &#8220;debt slavery.&#8221;<\/p>\n<\/p>\n<footer class=\"content-credits\">\n<h6>Authors:<\/h6>\n<dl class=\"vcard\">\n<dt class=\"credits-author\"><span class=\"vcard\">Lili Bayer<\/span>&nbsp;<\/dt>\n<\/dl>\n<\/footer>\n","protected":false},"excerpt":{"rendered":"<p>Hungarian Prime Minister Viktor Orb\u00e1n | Sean Gallup\/Getty Images EU recovery fund plan &#8216;absurd,&#8217; Orb\u00e1n says Hungarian PM complains scheme would mean &#8216;financing the rich from the money of the poor.&#8217; By Lili Bayer 5\/29\/20, 11:45 AM CET Updated 5\/29\/20, 11:51 AM CET The European Commission&#8217;s proposal to allocate a large portion of a \u20ac750&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5157","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/5157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5157"}],"version-history":[{"count":0,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/5157\/revisions"}],"wp:attachment":[{"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}