European Parliamentary Research Service Blog
EU Financing / Budgetary Affairs
EU budget and recovery fund: Is it a done deal? [What Think Tanks are thinking]
After nearly five days of tough negotiations, the European Council agreed on the EU’s next seven-year budget, the Multiannual Financial Framework (MFF), worth more than one trillion euros from 2021 to 2027, and crucially, on an additional 750-billion euro fund to help countries recover from the economic downturn caused by the coronavirus pandemic. Continue reading
Outcome of the Special European Council meeting of 17-21 July 2020
After almost five days of negotiations, the European Council finally reached a political agreement on the Multiannual Financial Framework (MFF) for 2021 to 2027 and a specific recovery instrument following the coronavirus crisis – Next Generation EU (NGEU) – together totalling €1 824.3 billion. Continue reading
Future financing of the Union: MFF, Own Resources and Next Generation EU
On 21 July, EU Heads of State or Government reached a political agreement on the future design of EU finances. Continue reading
Negotiations on the next MFF and the EU recovery instrument: Key issues ahead of the July European Council
The current multiannual financial framework (MFF), also known as the EU’s long-term budget, comes to an end this year. Continue reading
Outlook for the special European Council meeting of 17-18 July 2020
Based on an updated ‘negotiating box’ presented by the President of the European Council, Charles Michel, on 10 July, the special meeting of the European Council on 17-18 July will aim at finding a political agreement on the EU recovery fund, entitled ‘Next Generation EU’, and the multiannual financial framework (MFF) for the 2021-27 seven-year financing period. Continue reading
Next Generation EU: A European instrument to counter the impact of the coronavirus pandemic
The socio-economic impact of the coronavirus pandemic across the European Union (EU) is posing significant challenges, not least to the good functioning of the single market and the euro area. Continue reading
The EU budget and coronavirus [What Think Tanks are thinking]
European Union leaders and institutions are now discussing plans to provide a major boost to the European economy to help it recover from the coronavirus crisis. Continue reading
Outcome of the European Council video-conference of 19 June 2020
At their video-conference meeting on Friday 19 June, EU Heads of State or Government focussed essentially on the revised proposal for the 2021-2027 Multiannual Financial Framework (MFF), together with the coronavirus Recovery Plan for the European economy. Continue reading
Outlook for the European Council video-conference of 18-19 June 2020
The European Council meeting on 19 June, to be held by video-conference, will be almost exclusively dedicated to the next Multiannual Financial Framework (MFF) and the proposed new EU recovery fund, dubbed ‘Next Generation EU’. Continue reading
Three critical issues in EU-UK relations
Following the withdrawal of the United Kingdom (UK) from the European Union (EU) on 1 February 2020, the EU and the UK launched negotiations on a new partnership agreement, to come into effect at the end of the transition period, scheduled for 31 December 2020. Continue reading
EU budgetary and financial response to the coronavirus crisis
Within the limits of its powers, the EU has acted quickly to tackle the coronavirus pandemic and its consequences. Continue reading
Discharge procedure for the EU Budget: Political scrutiny of budgetary implementation
The European Commission is ultimately responsible for the execution of the European Union’s budget. However, the process also involves a range of other players, including Member States, to which the Commission delegates implementing tasks relating to a significant share of the budget. Continue reading
Outcome of the European Council video-conference of 23 April 2020
At the European Council’s video-conference meeting on 23 April, EU leaders demonstrated greater willingness to achieve a coordinated response at EU-level to face the coronavirus crisis than had previously been the case. Continue reading
Outlook for the European Council video-conference of 23 April 2020
The European Council video-conference meeting on 23 April 2020 is expected to shift EU leaders’ attention away from immediate and short-term priorities, such as limiting the spread of the coronavirus, to a longer-term strategic approach focused on a recovery strategy for the European Union, and the financing thereof. Continue reading
European Green Deal Investment Plan: Main elements and possible impact of the coronavirus pandemic [Policy Podcast]
The von der Leyen Commission launched the European Green Deal as the new growth strategy of the European Union (EU), with a view to promoting the transition to a climate-neutral economy by 2050. Confirming the importance of financial resources for such a major objective, its investment pillar was the first initiative of the strategy to be presented. Continue reading
Temporary support to mitigate unemployment risks in an emergency (SURE)
The coronavirus pandemic (COVID-19) is having a major negative impact on employment. As part of the EU’s response to the crisis, the European Commission has proposed the creation of SURE, a temporary instrument to complement national efforts to protect employees and the self-employed from the risk of unemployment and loss of income. Continue reading
Amendment of the 2014-2020 MFF regulation. Using the global margin for commitments to finance measures in the healthcare sector under the Emergency Support Instrument
On 2 April 2020, as part of the EU response to the needs resulting from the coronavirus outbreak, the European Commission proposed to activate the Emergency Support Instrument and reinforce the Union Civil Protection Mechanism (rescEU). Continue reading
Charles Michel as President of the European Council: The first 100+ days
On 1 December 2019, Charles Michel, previously prime minister of Belgium, became the third President of the European Council. He began his term in dynamic mode, aiming to make his mark in foreign affairs and develop the EU’s interinstitutional relations. Continue reading
Outcome of the special European Council, 20-21 February 2020
On 20-21 February 2020, EU Heads of State or Government held their first meeting specially dedicated to the 2021-2027 Multiannual Financial Framework (MFF) since the publication of the European Commission’s proposal in May 2018. Continue reading
The European Council and the 2021-27 Multiannual Financial Framework
EU Heads of State or Government will meet on 20 February 2020 for a special European Council meeting to discuss the 2021-2027 Multiannual Financial Framework (MFF). Both the Sibiu Declaration of EU Heads of State or Government and the 2019-24 Strategic Agenda state that ‘the EU must give itself the means to match its ambitions, attain its objectives and carry through its policies’. Continue reading
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