Growth in gross domestic product (GDP) in Europe collapsed in 2020 as a result of the economic crisis caused by the coronavirus pandemic. Continue reading
During the December part-session, Parliament is due to vote on giving consent to the Council Regulation that establishes the EU’s next multiannual financial framework (MFF). Parliament consent requires a majority of its component Members (353 votes). Continue reading
The current multiannual financial framework (MFF), also known as the EU’s long-term budget, comes to an end this year. Continue reading
The EU budget is financed by the system of own resources and cannot run a deficit. The current system provides sufficient revenue to cover EU expenditure, but has often been criticised as opaque and unfair. Continue reading