Multiannual Financial Framework: Council and MEPs enter into detail
Representatives of the European Parliament and the member states met, on 28 May, to breathe new life into the negotiations on the EU’s multiannual financial framework (2014-2020). This was the second three-way meeting, in which MEPs, the Commission and the member states are trying to conclude a deal against the clock on the Union next seven-year budget.
The sides agree that a deal should be sealed on the overall MFF before the summer, followed by an agreement on the sectoral aspects during the autumn. Otherwise “there is a serious risk that there won’t be EU funding for the different programmes as from 1 of January,” said an Irish Presidency spokeswoman.
This round of talks came after the latest political agreement at the Ecofin Council on the €7.3 billion top-up of the 2013 budget to cover unpaid bills, a condition set by MEPs in order to open the negotiations.
This is the first tranche of the global €11.2 billion proposed by the Commission to pay this year’s pending bills. Parliament accepted to split the reimbursement in order to convince the austerity-driven capitals, and has finally agreed to start negotiations on the MFF before seeing the other €3.9 billion in the EU coffers.
In: Growth & Competitiveness