EU Budgets: Europe hoping for Xmas gifts

Lithuanian President Dalia Grybauskaitė, whose country currently holds the rotating Presidency of the European Union’s Council, met with the Chairman of the European Parliament's Committee on Budgets, Alain Lamassoure in Vilnius. (Lithuanian Presidency’s photographic Library, 19/9/2013)

Lithuanian President Dalia Grybauskaitė, whose country currently holds the rotating Presidency of the European Union’s Council, met with the Chairman of the European Parliament’s Committee on Budgets, Alain Lamassoure in Vilnius. (Lithuanian Presidency’s photographic Library, 19/9/2013)

The Lithuanian Presidency of the European Union’s Council is now under pressure over the approval of EU’s 2014-2020 budget regulation, referred to as the EU’s Multi-annual Financial Framework (MFF), planned to support EU’s expenses for the next seven years amounting to €1 trillion. The problem is however that the approval of the first EU budget for 2014 under this framework is now stuck between the Parliament and the member states (Council).

In this respect during the Budgets Committee meeting of the Parliament on Monday 9 September the Commission and the legislative joined forces in repelling the Council’s position for a severely cut EU budget for next year, as presented to them by a Lithuanian vice-minister. As if this was not enough to block the budget approval procedure, the three major parties of the Parliament joined forces and intervened aggressively in the confrontation.

United against the Council

The meaning of a statement issued jointly on Tuesday 10 September by the three major parliamentary groups EPP, S&D and ALDE was adamant clear. It roughly said that, “when the full Parliament will give the MFF its final blessing remains to be seen, as the conditions set out in its resolution of 3 July are still not met”. It goes without saying that the legislators will continue holding back their approval of the MFF 2014-2020 until an agreement is reached also on the 2014 budget. In short the Parliament’s position for both the 2014 budget and the MFF 2014-2020 framework will be discussed and voted almost simultaneously.

This unification of two seemingly independent procedures in the Parliament has a hidden content. The Parliamentarians fear that the Council aims at financing the coverage of a good part of the Union’s 2012 and 2013 unpaid bills with 2014 funds and not by an independent addendum to the 2013 budget, as they wished and it was agreed in July. Those bills amount to €11.2 billion. Member states’ economy and finance ministers (ECOFIN) took a formal decision to cover only €7.3 billion of the above amount and said they will decide in autumn on a second tranche of €3.9bn to cover the rest. This last ECOFIN decision is still pending.

€3.9bn away

As things turn out, this has become a key issue for the Parliament as legislators want to make sure that the 2014 budget – the first under the new MFF – is not eroded by old unpaid bills. It’s now evident that the Parliament will not give its final consent for the MFF 1014-2020 Regulation or adopt the 2014 Budget until the entire €11.2bn gap is fully covered by the Council. Consequently the EU budget will remain in the air until those unpaid bills are settled.

In view of this stalemate the Lithuanian Presidency organised a meeting between President Dalia Grybauskaitė with the Chairman of the European Parliament’s Committee on Budgets, Alain Lamassoure. According to a Press release issued afterwards, “the meeting focused on the issues relating to the European Union (EU) multiannual financial framework for 2014-2020 and to the next year’s budget. Among the other topics of discussion was the EP’s important role in adopting legislation necessary for implementing the budget”.

Stating the obvious is a standard method of press release writing, when there is nothing to tell. Understandably Lamassoure, even if he wanted, that presumably he didn’t, he could not change the Parliament’s positions over this crucial matter since the whole affair has surpassed the Budget Committee. It is now in the hands of the presidents of the three major political formations representing the overwhelming majority of parliamentarians. As the Sting has already predicted, the issue will be resolved by the 28 EU leaders during their last European Council meeting of the year, hopefully to be held in mid December under the Xmas Spirit of generosity. The EU budget is the best way for the affluent to show their solidarity to those in need.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Central African Republic: Guterres says UN mission committed to protecting civilians, helping stabilize country, as violence flares

Greenhouse gas levels in atmosphere break another record, UN report shows

A Sting Exclusive: “Climate change and youth inaction: oblivion or nonchalance?”, AIESEC wonders from Brussels

Fight against climate change and poverty will fail without overhaul of global financial system, says major UN report

Turkey to let EU alone struggle with the migrant crisis while enhancing its economic ties with Russia instead?

UN human rights chief denounces grave ‘assaults’ on fundamental rights of Palestinian people

Commission: Gifts of €6 billion and free trainees to ‘help’ poor employers

Statement on the Code of Practice against disinformation: Commission asks online platforms to provide more details on progress made

Algorithms are being used to convict criminals and decide jail time. We need to make sure they are fair

Worldwide UN family celebrates enduring universal values of human rights

Encouraging progress made in 2018, in ‘zero tolerance’ effort to end sexual exploitation and abuse across UN

European banking stress tests 2014: A more adverse approach for a shorter banking sector

Summer 2018 Interim Economic Forecast: Resilient Growth amid increased uncertainty

Biggest London City Banks ready to move core European operations to Frankfurt or Dublin?

Eurozone retail sales fall shows recession

The 27 EU leaders did nothing to help May unlock the Brexit talks

Who is responsible for public health? The tendencies and its benefits –or not– on Health Education around the world

‘Health is a right, not a privilege’ says WHO chief on World Health Day

‘Shared responsibility’ to stop 420,000 needless deaths from tainted food each year, UN, world leaders warn

Who is to pay the dearest price in a global slowdown?

Breaking barriers between youth in the new tech era: is there an easy way through?

More women and girls needed in the sciences to solve world’s biggest challenges

EU Parliament approves CETA: the EU-Canada free trade deal sees the light in Trump’s gloomy era

Connected Claims Europe on 18-19 September 2019, in association with The European Sting

5 things you need to know about water

Ukraine: turning challenges into opportunities


The implications of Brexit on European business, youth entrepreneurship and junior enterprises.

EU and China resolve amicably solar panel trade dispute

Japanese law professor elected new judge at the International Court of Justice

Eurozone stagnates after exporting its recession to trading partners

“Airbnb and YouTube are two great examples of a crowd based capitalism”, key stakeholders outline the boundaries of the 4th Industrial Revolution in Davos

MWC 2016 LIVE: Industry looks to reduce mobile gender gap

The ECB proposes a swift solution for SMEs’ financing

This heroic doctor is waging war on rape and the stigma around it

The issue of health literacy and how it affects European health policies

Social entrepreneurs can change the world – but these 6 things are holding us back

Landmark terror finance resolution adopted by Security Council

US-EU trade negotiations: pointless tariffs against real economic growth

The West and Russia impose a new order on the world

Return of Kuwaiti property by Iraq, signals hope of ‘full normalization’ between nations: UN Chief

EU budget: the Common Agricultural Policy beyond 2020

MWC 2016 LIVE: Gamelab founder talks Apple TV, VR and monetisation

4 big trends for the sharing economy in 2019

An economist explains how to go carbon neutral in our lifetime

South Eurozone needs some…inflation and liquidity

Draghi, Letta: All Eurozone countries must be able to borrow like Germany

Anti-vaccers: does the empty can rattle the most?

Ben Stiller’s new role, more about hope than humour, as he’s named Goodwill Ambassador for UNHCR

‘The welfare of the Libyan people’ the UN’s sole agenda for the country, says Guterres in Tripoli

Trade in fake goods is now 3.3% of world trade and rising

Launch of Pact for Youth: European Youth Forum calls for real business engagement

daniela-runchi-jade-president__

A Sting Exclusive: “Education in Europe, fostering skills development inside and outside the school system”

Central African Republic: UNICEF outlines key actions so fresh peace deal can make real difference for children

Protectionism doesn’t stand a chance in the age of connectivity

FROM THE FIELD: Survival in Yemen against all odds

5G will redefine entire business models. Here’s how

The EU accuses Russia of bullying Ukraine to change sides

6th Edition of India m2m + iot Forum 2019 concluded, in association with The European Sting

Food finally features in the climate debate. Now what?

Commission to decide on bank resolution issues

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s