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EU Leaders Set to Approve Budget as Poland, Hungary Accept Deal

  • EU chiefs will take up the compromise proposal at summit
  • The proposal retains rule-of-law conditionality to funds
Mateusz Morawiecki, left, and Viktor Orban.

Mateusz Morawiecki, left, and Viktor Orban.

Photographer: Omar Marques/Getty Images

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Hungary and Poland lifted their veto over a landmark European Union stimulus package in exchange for a delay in a sanctioning process that could strip them of access to the funds.

The compromise brokered by Germany will be put to the bloc’s leaders meeting on Thursday in Brussels, where they’ll likely approve the deal, according to an official familiar with the discussions. An agreement will pave the way for the flow of $2.2 trillion to the continent’s battered economies.