Hungary and Poland have reached a compromise with Germany to end their standoff with the EU, officials said, after Budapest and Warsaw vetoed the bloc’s €2.2 trillion, seven-year budget over a rule of law provision.
The new deal will require further approval from other member states before it can proceed, but the agreement offers a potential end to the stalemate that had threatened to block the EU’s 2021-2027 budget and a €750 billion ($906 billion) pandemic relief fund. EU leaders will discuss the renegotiated proposal during a summit on Thursday.
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