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VisitEU to Cut €121 Million in Funds to Georgia Over Democratic Concerns on October 9
Oct 10, 2024, 06:10 AM
The European Union delegation in Georgia has announced that Tbilisi will lose €121 million in EU funds due to concerns over 'democratic backsliding.' This decision comes as Georgia's government faces criticism for drifting from its Euro-Atlantic path towards Moscow's influence, as noted by Tamar Kintsurashvili. The European Parliament is set to vote on a final draft resolution regarding Georgia on October 9, which initially had seven versions submitted by different groups but now has a unified text.
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Markets
No • 50%
Yes • 50%
Official announcements from the Georgian government
Yes • 50%
No • 50%
Official announcement from the European Parliament
No • 50%
Yes • 50%
Official announcement from the European Union
Initiate Dialogue • 25%
Further Sanctions • 25%
No Action • 25%
Restore Funds • 25%
Official announcements from the European Union
No Official Response • 25%
Appeal EU Decision • 25%
Implement Reforms • 25%
Seek Alternative Funding • 25%
Official statements from the Georgian government
Vote Postponed • 25%
Resolution Passed • 25%
Resolution Failed • 25%
Resolution Amended • 25%
Official voting results from the European Parliament