The Commission has proposed to establish the next generation of own resources for the EU budget by putting forward three new sources of revenue: the first based on revenues from emissions trading (ETS), the second drawing on the resources generated by the proposed EU carbon border adjustment mechanism, and the third based on the share…
The European Court of Auditors (ECA) has signed off the 2020 accounts and the underlying transactions of all the EU’s Joint Undertakings (JUs) – the EU’s public-private partnerships with industry and research groups. In the seventh of their ten-year life span, most JUs have already implemented approximately 2/3 of their activities within Horizon 2020, the…
The Conference of Peripheral Maritime (CPMR) says it welcomes the political agreement reached by the European Parliament and the EU Council on the Multiannual Financial Framework 2021-2027. The deal marks a decisive step towards providing the regions with adequate and timely means to deliver the recovery in this uncertain moment. The agreement foresees to reinforce…
MEPs have fast-tracked and voted already during the September plenary session on their legislative opinion on the Own Resources Decision (ORD). This removes an important barrier and speeds up the procedure to implement the key EU law to restart the economy, allowing the Commission to raise €750 billion on the markets for the recovery fund….
In an extraordinary plenary session, MEPs commented on the 17-21 July European Council deal on EU financing and the recovery plan to tackle the pandemic fallout. “We are not ready to swallow the MFF pill”, said Manfred Weber (EPP). Also, S&D leader Iratxe García would not accept the cuts, “not at a time when we…
In the presence of Commissioner Paolo Gentiloni, EESC President Luca Jahier voices full support for Commission COVID-19 recovery package on eve of make-or-break EU summit: “Let there be no backtracking” President Jahier expressed criticism for the recent EU Council proposal to give national governments the power to veto a country’s reform programmes under the package…
Angela Merkel and Emmanuel Macron have proposed that the EU borrows on the financial markets in order to disperse some €500bn through grants to European economies hit hardest by the coronavirus pandemic. Under the Franco-German proposal the member states receiving the funds would not need to repay the cash. Liability for the debt would instead…
Parliament’s president David Sassoli has urged “bravery” on the EU recovery plan following meeting with the MFF contact group “Now is the time to be courageous and ambitious with the actions backed by the EU budget. Parliament must be a key player in this process together with other institutions, so it can contribute to making…
BusinessEurope has tabled its proposals for a European economic recovery plan. It says that despite the extraordinary efforts of governments and the EU Institutions to support businesses and workers through the crisis, Europe’s economic and political environment as we gradually exit from the severe restrictions placed on economic activity is likely to look significantly different…
The European Economic and Social Committee (EESC) has forcefully reiterated its call for a Multiannual Financial Framework (MFF) of 1.3% of EU-27 gross national income (GNI) for the period of 2021-2027. The Committee called on the European Parliament to insist on a strong budget in its negotiations with the Council. This call comes at a…
