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Portuguese PM: Time to deliver a fair, green, digital recovery
DISCLAIMER: All opinions in this column reflect the views of the author(s), not of EURACTIV Media network. 31-12-2020
Portugal’s Prime Minister Antonio Costa speaks to media outside European Commission building after a meeting with the European Commission President ahead of a two-days face-to-face European Council summit, in Brussels, Belgium, 15 October 2020. [EPA-EFE/OLIVIER HOSLET]
After months of negotiations, and a veto by Hungary and Poland on the rule of law mechanism, the European Union finally has a long-term budget for the period 2021-2027 (MFF) as well as a Recovery Fund to support member states beleaguered by the Covid-19 pandemic.
While the MFF and Recovery Fund broke new ground, particularly in terms of inclusion of Own Resources and conditioning disbursement of EU funds on respect for the rule of law, it still falls short of the Parliament’s demands and the amount needed to support citizens and protect our planet from an unprecedented crisis.
The Left’s Co-President
Info
17 December 2020
by eub2 last modified 17 December 2020
Following the European Parliament s consent, the EU Council adopted on 17 December the regulation laying down the EU s multiannual financial framework for 2021-2027.
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Why is the adoption of the MFF in Council important?
The Council decision is the final step in the adoption of the
EU´s next long-term budget. Following this decision, the multiannual
financial framework for 2021-2027 of €1.074 [in 2018 prices] trillion
becomes available for all beneficiaries of EU funding.
At the same time, work towards finalising NextGenerationEU, the
temporary recovery instrument created to fuel Europe s recovery from the coronavirus crisis, continues. Once adopted, the package of a total of €1.8 trillion [in 2018 prices] will be the largest package ever financed through the EU budget.