#EPplenary debate today on Borrowing Strategy to finance #NextGenerationEU. EP seemingly want a permanent loan instrument. Let’s make it clear: we should not live at the expense of future generations.
MSs should be able, however, to use the available funds as soon as possible & with as few obstacles as possible. Hungary has not even got access to the recovery money yet, while it is already paying the interest on the loan.
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We knew when we took out the NGEU loan that it was like playing w/h fire. We did not want it, but we’re ready to listen to the pleas of the Southern MSs.
In 2020, we agreed that a loan-financed #recoveryfund would be a one-off &exceptional solution. Now the EP wants to make it permanent & bring it within the budget. This is incompatible w/h the Treaties. For the left, however, neither the spoken word nor the written letter counts.
🐦🔗: https://nitter.eu/GyoriEniko/status/1594798646855438336