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Europe’s Populist High Noon

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Add to Bookmarks Hungary and Poland have vetoed the European Union’s proposed €1.15 trillion (.4 trillion) seven-year budget and the €750 billion European recovery fund, rejecting the EU’s plan to condition its funds on member governments’ adherence to the rule of law. What will this latest crisis reveal about the EU’s commitment to democratic principles, and its ability and willingness to tackle the populist threat? In this Big Picture, George Soros urges the EU to stand up to Hungary and Poland, arguing that the bloc cannot afford to compromise on enforcing the rule of law if it wishes to survive as an

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Hungary and Poland have vetoed the European Union’s proposed €1.15 trillion ($1.4 trillion) seven-year budget and the €750 billion European recovery fund, rejecting the EU’s plan to condition its funds on member governments’ adherence to the rule of law. What will this latest crisis reveal about the EU’s commitment to democratic principles, and its ability and willingness to tackle the populist threat?

In this Big Picture, George Soros urges the EU to stand up to Hungary and Poland, arguing that the bloc cannot afford to compromise on enforcing the rule of law if it wishes to survive as an open society. But Melvyn Krauss of Stanford University’s Hoover Institution expects the EU to surrender to Hungarian and Polish blackmail in order to pass the budget and establish the recovery fund, because it is more concerned with sustaining recent north-south political and economic convergence in order to ensure the euro’s survival.

Nevertheless, Sławomir Sierakowski of the...

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