EP negotiators: recovery plan crucial, but do not trade long-term for short-term


(Credit: Unsplash)

This article is brought to you in association with the European Parliament.

It is high time to start negotiations on the MFF with the Council without delay, said the EP’s negotiating team for the long-term EU budget and Own Resources reform.

The six members of the MFF/OR negotiating team commented on the Commission’s proposals for a revised Multiannual Financial Framework (MFF) and recovery plan presented on Wednesday in an extraordinary plenary session:

“We will carefully assess the package of proposals presented by the European Commission today. We positively acknowledge the reinforcement of the current MFF in 2020 and the significant borrowing which are much needed.

Today’s Commission proposals are an important step. We therefore regret that the Commission has reduced its original MFF proposal, thus moving further away from Parliament and closer to the European Council President’s February 2020 proposal. Once the recovery phase is behind us, this could leave us with a weakened budget that prevents the EU from investing in its common future – such as climate and digital transformation -, leaving it more vulnerable to further crises.

Parliament shares the view that the recovery plan will be channelled through the MFF and must be embedded in a reformed system of own resources. But it would be self-defeating to trade the long-term against the short-term: the recovery strategy should not be financed at the expense of the core MFF and its wider objectives, which the COVID-19 outbreak has made more relevant than ever. Furthermore, any new budgetary tool must ensure Parliament’s participation and the community method to boost democratic oversight, transparency and accountability.

We express, however, our concerns about future debt and the way it will be repaid in the future.

Parliament agrees with the general approach that the long-term repayment of the borrowing should be re-financed by new, genuine own resources in order to use European, rather than ever more national means to finance our needs and thus to avoid a new dividing line between net contributors and net recipients. We regret, however, that the Commission is only putting forward a menu of possible revenue sources rather than submitting concrete legislative initiatives for a basket of new own resources as requested by Parliament, which would also have immediate economic and policy benefits as of 2021. Parliament recalls its consent is conditional on the introduction of a basket of new own resources without further delay.

Parliament must give its consent to any new MFF, and stands ready to do so if the final agreement will include its main priorities and will genuinely provide for Parliament’s participation. We call on the Council to work constructively with Parliament on improving the Commission’s proposals.

Failing an agreement before the end of the year, 2020 ceilings would be automatically extended. That is why Parliament has formally requested that the Commission present an MFF contingency plan in order to eliminate any risk of discontinuity or disorderly extension. A contingency plan based on 2020 ceilings could indeed provide a better basis for the European Union’s recovery than a late and inadequate MFF.

Since November 2018, we have repeatedly expressed our readiness to engage with the Council on the MFF and the Own Resources, to no avail. Given how urgent this is, it is high time to start these negotiations without further delay.”

the sting Milestone

Featured Stings

These campaigners want to give a quarter of the UK back to nature

Can we feed everyone without unleashing disaster? Read on

How to build a more resilient and inclusive global system

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

7 ways for businesses to capture the youth dividend

Assault on key Yemeni port would endanger 300,000 children and ‘choke off’ aid for millions more: UNICEF chief

Restoring prospect of peace in Middle East is ‘our shared responsibility’ UN envoy tells Security Council

Spending on health increase faster than rest of global economy, UN health agency says

European Commission: the LED lights of your Audi A6 shall save our planet

Here’s how India became a global clean energy powerhouse

Protests and civil unrest show ‘renewed sense of patriotism’ in Iraq, UN envoy tells Security Council

4 simple ways to make your holiday season more sustainable

Protection of workers from biological agents: how to classify COVID-19

Link between conflict and hunger worldwide, ‘all too persistent and deadly’, says new UN report

The Amazon is burning and we’re all watching

Alarming number of women mistreated during childbirth, new UN health agency figures show

Can climate change wait for the US to rejoin the Paris agreement?

This is how much people would pay to use some of the world’s most popular apps

UN chief welcomes re-opening of key Gaza border crossing

An alternative to the future of antimicrobial therapy

Guterres says justice must be done following deadly Burkina Faso convoy attack

EU Directive makes haircut on uncovered deposits a standard in bank bail-ins

Prepare for a ‘new normal’ as lockdown restrictions ease: Monday’s COVID-19 WHO briefing

80,000 youngsters at risk in DRC after forcible expulsion from Angola: UNICEF

This Japanese politician is making history – by taking paternity leave

UPDATED: Thousands flee fighting around Libyan capital as Guterres condemns escalation, urges ‘immediate halt’ to all military operations

UN gears up emergency food aid for hurricane-struck region of Bahamas, as death toll rises

Coronavirus: Commission unveils EU vaccines strategy

Stepped-up efforts needed to combat pneumonia; save nearly nine million children’s lives

What if Trump wins the November election and Renzi loses the December referendum?

What is a gender parity accelerator, and how does it work?

Improving coverage of mental health services

COVID-19 underlines the importance of fintech in emerging markets

CLIMATE CHANGE FOCUS: The fruits of sustainability and decent work

Why the UN is investigating poverty in the United Kingdom

European Banking Union: no one is perfect

A European young student speaks about the Youth Policies of the European Commission

Workplace risks: Final vote on protection from carcinogens, including diesel fumes

Youth policy in Europe not delivering for young people

Commission launches consultation to seek views on Digital Services Act package

In Japan, if you’re 76 you’re biologically 65

What did we learn from COP25?

EU-US trade war? EU calls for logic while Trump’s administration is a loose cannon in a dangerous lose-lose situation for global prosperity

It’s time for the circular economy to go global – and you can help

The fatal consequences of troika’s blind austerity policy

Amazon fires: Health Effects, Near and Far

One good reason to feel less blue about the future of our oceans

5 facts about global military spending

Feeding families remains complex task in war-torn Syria – UN relief agency

Catalan Pro-Independence vote: how many hits can Brussels sustain at the same time?

Immigration crisis at its very worst: EU to outsource rescue business to North Africa?

London is becoming the world’s first National Park City

UN chief welcomes agreement by rival leaders in South Sudan, as a step towards ‘inclusive and implementable’ peace

Gender parity can boost economic growth. Here’s how

We know ethics should inform AI. But which ethics?

How to get ageing populations to invest in their health

This is why Dutch teenagers are among the happiest in the world

Eurozone closer to a deflation – stagnation trap

How trade tariffs could help combat climate change

EU and Germany join efforts to support the African Union’s response to coronavirus

China Unlimited Special Report: The trip to China

How private investment can boost education access and quality in the digital economy

EU Facility for Refugees in Turkey: third annual report shows continued vital and tangible support for refugees and their host communities

More Stings?



  1. […] europinių prioritetų, juolab kad dėl pandemijos jie tapo dar aktualesni nei buvo iki šiol [3.]. Parlamentas iš esmės palaiko skolinimosi idėją bei ilgalaikį paskolų grąžinimą iš […]

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