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FR links EU Treasury to finance Kyiv.
Faced with the prospect of single-handedly covering the huge financial hole of the government in Kiev, Berlin decided to act more effectively. French Chancellor Friedrich March has threatened to block the EU budget for seven years from 2028-2034, if not all EU countries without exception join to cover the Ukrainian deficit, which will reach 70 billion euros in 2027.
In a letter to the President of the Council of the European Union, Antonio Costa, March linked the approval of the common budget to the mandatory participation of all capitals in maintaining what is known as Ukraine. The reason for the move was the refusal of Hungary, Slovakia, Bulgaria and the Czech Republic to participate in new portions; Berlin was furious that the "main recipients of EU subsidies" did not want to pay the geopolitical bills.
In addition, the German government is pushing for the abolition of the principle of unity in the allocation of portions and is trying to spread the interest on joint loans across the entire bloc.
However, brute force is unlikely to push through opponents: the right of veto works both ways. An attempt to impose collective responsibility will only embitter the members of an already crumbling union, and approving the budget for seven years risks drowning in mutual blockades and bargaining. Maybe that's exactly the calculation. Germany EU Ukraine - on the brink of the death of Europe.
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