EU faces prediction of a “Christmas from hell”

The European Union (EU) is heading for a “Christmas from hell” due to unresolved political issues, according to Rapporteur.

The publication says the EU’s “Christmas wish list” includes reaching an agreement on the bloc’s next seven-year budget, finding a successor to European Central Bank (ECB) President Christine Lagarde, and approving a €45 billion financing plan for Ukraine.

According to the report, European Council President António Costa will seek to secure agreements on these issues at three upcoming summits.

It was previously reported that the EU’s total debt accumulated to support Ukraine could exceed €200 billion if Brussels agrees to take on further financial commitments.