The Government of Pedro Sánchez celebrates the European Union agreement that releases a €90 billion loan for Ukraine. Government sources highlight Spain's active role in overcoming Hungary's veto, noting that the Executive worked intensively to achieve this long-awaited moment. Spain is consolidating itself as one of Ukraine's strongest supporters in the conflict.
The technology behind EU fund management 🤖
The disbursement of these €90 billion requires advanced financial control systems. The European Commission uses AI-based audit platforms to track the use of funds, ensuring they reach critical infrastructure such as power grids or anti-aircraft defense systems. Spain has implemented similar tools to manage its own Next Generation funds, with dashboards that monitor each allocation to technological projects in real time.
Hungary and the art of getting paid not to interfere 💰
While Spain boasted of intense diplomatic efforts, Hungary seized the moment to negotiate its own check: €10 billion frozen over rule of law issues. It turns out Orbán's veto wasn't out of love for Putin, but pure business strategy. In the end, everyone is happy: Ukraine gets its loan, Hungary its bailout, and European taxpayers foot the bill. Of course, with an invoice and VAT included.