Brussels Edition: Cash Freeze
Photo Illustration: Tom Hall/Bloomberg
This article is for subscribers only.
Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Sign up here to get it in your inbox every weekday morning.
A plan to allow the freezing of payments from the EU’s next trillion-euro budget to member states that undermine the rule of law is set to advance today. The European Parliament in Strasbourg is slated to approve the measure being drawn up for the bloc’s 2021-2027 spending program. The spotlight will then switch to EU governments, which must give their backing amidst growing alarm about democratic backsliding in Poland, Hungary and Romania, and a widening rift between East and West.