{"id":127955,"date":"2020-12-07T17:16:00","date_gmt":"2020-12-07T14:16:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/hungary-and-poland-have-caused-a-logjam-on-stimulus-heres-what-the-ecb-will-do\/"},"modified":"2020-12-07T17:16:00","modified_gmt":"2020-12-07T14:16:00","slug":"hungary-and-poland-have-caused-a-logjam-on-stimulus-heres-what-the-ecb-will-do","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/hungary-and-poland-have-caused-a-logjam-on-stimulus-heres-what-the-ecb-will-do\/","title":{"rendered":"#\n  Hungary and Poland have caused a logjam on stimulus \u2014 here\u2019s what the ECB will do"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40e0a644ba4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40e0a644ba4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/hungary-and-poland-have-caused-a-logjam-on-stimulus-heres-what-the-ecb-will-do\/#The_European_Union_is_deadlocked_on_stimulus_as_the_European_Central_Bank_prepares_a_bond-buying_boost\" >The European Union is deadlocked on stimulus, as the European Central Bank prepares a bond-buying boost<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/hungary-and-poland-have-caused-a-logjam-on-stimulus-heres-what-the-ecb-will-do\/#Headquarters_of_the_European_Central_Bank_in_Frankfurt_am_Main_Germany\" >Headquarters of the European Central Bank in Frankfurt am Main, Germany.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/hungary-and-poland-have-caused-a-logjam-on-stimulus-heres-what-the-ecb-will-do\/#Pierre_Briancon\" >Pierre Brian\u00e7on<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Hungary and Poland have caused a logjam on stimulus \u2014 here\u2019s what the ECB will do<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"The_European_Union_is_deadlocked_on_stimulus_as_the_European_Central_Bank_prepares_a_bond-buying_boost\"><\/span>\n  The European Union is deadlocked on stimulus, as the European Central Bank prepares a bond-buying boost<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000090877\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:63.4375%;\" data-mobile-ratio=\"63.4375%\" data-layout-ratio=\"63.4375%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-269211?width=140&amp;size=1.5763546798029557 140w,\nhttps:\/\/images.mktw.net\/im-269211?width=540&amp;size=1.5763546798029557 540w,\nhttps:\/\/images.mktw.net\/im-269211?width=620&amp;size=1.5763546798029557 620w,\nhttps:\/\/images.mktw.net\/im-269211?width=700&amp;size=1.5763546798029557 700w,\nhttps:\/\/images.mktw.net\/im-269211?width=860&amp;size=1.5763546798029557 860w,\nhttps:\/\/images.mktw.net\/im-269211?width=1260&amp;size=1.5763546798029557 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-269211?width=620&amp;size=1.5763546798029557\" data-enlarge=\"https:\/\/images.mktw.net\/im-269211?width=1260&amp;size=1.5763546798029557\" alt=\"\" title=\"Headquarters of the European Central Bank in Frankfurt am Main, Germany.\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"Headquarters_of_the_European_Central_Bank_in_Frankfurt_am_Main_Germany\"><\/span>Headquarters of the European Central Bank in Frankfurt am Main, Germany.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            AFP via Getty Images<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       Hungary and Poland are still vetoing implementation of the European Union\u2019s $900 billion fiscal stimulus package agreed in July, as the European Central Bank is likely to ease monetary policy further later this week.<\/p>\n<ul class=\"articleList\">\n<li>\n      EU leaders will gather in a summit on Thursday to find a solution to the veto exercised by Hungary and Poland against both the coronavirus-pandemic-focused fiscal package and the EU\u2019s next seven-year budget.<\/p>\n<\/li>\n<li>\n      The two governments are demanding changes to rules making disbursement of the funds to member states conditional on abiding by rule-of-law principles, after raising criticism against their recent laws subjecting the countries\u2019 judiciaries to political control.<\/p>\n<\/li>\n<li>\n      The ECB\u2019s ruling body will gather on the same day to publish the result of a review of its monetary policy tools, and is likely to announce both a further increase of its asset-busing program and easier financing conditions for eurozone banks.<\/p>\n<\/li>\n<li>\n      According to most analysts, the ECB could add up to \u20ac500 billion to its existing coronavirus-specific quantitative easing program, taking it to a total \u20ac1.85 trillion.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Read:<\/strong> The global recovery remains uncertain \u2014 here\u2019s why the OECD wants fiscal stimulus to continue <\/p>\n<div class=\"paywall\">\n       <strong>The outlook: <\/strong>The two Thursday meetings will throw a new light on the difficulty of a European coordinated fiscal response to the COVID-19 pandemic, not a single cent of which has been spent six months after the package was officially <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved. The ECB remains the main architect of the response to the COVID recession.<\/p>\n<p>On the Hungarian\/Polish problem, the other 25 EU members could soon explore ways to go ahead with the stimulus package through an ad hoc agreement that would then deprive the two outliers of the funds: In the program agreed, the EU would jointly borrow funds on the market and disburse them in the form of grants or low-interest loans to member countries. <\/p>\n<p>The threat is so far used to try force the two governments into a compromise. It could become a reality if the deadlock persists.<\/p>\n<p><strong>Read: <\/strong>Tycoons and sports stars to be exempt from quarantine in controversial English <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> rule <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Pierre Brian\u00e7on\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Pierre_Briancon\"><\/span>Pierre Brian\u00e7on<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D162FD7C55DD%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Hungary and Poland have caused a logjam on stimulus \u2014 here\u2019s what the ECB will do &#8221; The European Union is deadlocked on stimulus, as the European Central Bank prepares a bond-buying boost Headquarters of the European Central Bank in Frankfurt am Main, Germany. AFP via Getty Images Hungary and Poland are still vetoing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":127956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-127955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/127955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=127955"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/127955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/127956"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=127955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=127955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=127955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}