Regional News • Europe • European Union

European Union faces crisis as Hungary and Poland vetoed a new seven-year budget

The European Union faces a crisis after Hungary and Poland vetoed the bloc's historic €1.8tn budget and coronavirus recovery plan over attempts to link funding to respect for democratic norms.

The move unravels months of negotiations over the scale and terms of the EU's spending and sets the stage for a stormy videoconference meeting of the bloc's leaders on Thursday. The 27 EU heads of state and government had signed off on the broad spending package and the inclusion of a link to respect for the rule of law in July, after days of hard debate.

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