The stake is one of 1.8 trillion euros coming from the EU budget 2021-2027 and the 750 billion euro plan allocated for the states in the EU bloc to recover their economy affected by the coronavirus pandemic.

On the one hand, there are 24 states supported by the Commission and a majority in the European Parliament, and on the opposite side are Hungary and Poland, as well as Slovenia, which is ready to offer support to the two dissident states.

No solution is expected on Thursday. This summit – scheduled to last three hours – will be an opportunity for an “exchange of views”, but “lack of physical contact is a disadvantage” and stops the decisive meetings, says a European source.

The meeting will exacerbate frustrations and anxieties. We have to expect a few days of drama and darkness “, she added.

The Budapest leader accused the European Union of wanting to block the budget exactly as a form of “blackmail” against states that oppose migration policy, in a statement to the Hungarian national agency MTI, Poland sent a similar message.

“Once the proposal is accepted, there will be no more obstacles to linking the sharing of common funds for member states with migration support and financial means will be used to blackmail states that oppose migration,” Viktor Orban accused.

Viktor Orban is an open opponent of mass migration, which he calls a threat to national and European identity. In this regard, the European Union has opened proceedings against Budapest for violating democratic values.

The budget and economic recovery plan have no special migration clause, and some analysts say Viktor Orban’s claims are nothing more than an attempt to gain domestic support through anti-migration rhetoric.

The nationalist government in Warsaw says the rule of law mechanism violates EU treaties and the agreement reached by heads of state and government in July.

Polish Prime Minister Mateusz Morawiecki claims that his country will also block the EU’s multiannual budget in the final vote, as it did on Monday with Hungary in a preliminary vote, the two countries not agreeing to condition access to European funds by respecting the rule of law.

Poland, which is currently the largest beneficiary of European funds, is willing to block the budget because it has calculated that it can wait another year for a solution, but the southern states will not be able to wait that long because they need funds after what economies have been severely affected by the pandemic.

Poland and Hungary are among the countries that are financially dependent on European funds, so the budget freeze will affect them to a particularly large extent.

According to official data from the European Union, in 2018, European funds accounted for almost 5% of the Hungarian economy, and over 3.4% of that of Poland, while the contributions of the two states to the European budget is below 1% of GDP- the national.

George Soros: The European Union must withstand the pressures of Hungary and Poland

Hungarian-born US billionaire George Soros has said the European Union must not give in to pressure from Hungary and Poland, which have blocked the draft budget and economic recovery fund.

Soros added that the European Union cannot afford to compromise on the conditionality of allocating European funds on compliance with the rule of law, informs the website of the Reuters news agency.