Commission proposes a governance framework for the Budgetary Instrument for Convergence and Competitiveness

This article is brought to you in association with the European Commission. Building on the vision set out in the Five Presidents’ Report of June 2015, the Commission’s Communication on the Deepening of the Economic and Monetary Union of 12 June 2019 and the guidance by the Euro Summit of 21 June 2019, the European Commission today proposes a governance framework for […]

MEPs want to ensure sufficient funding for Connecting Europe’s future

This article is brought to you in association with the European Parliament. MEPs voted to renew the Connecting Europe Facility (CEF) for the 2021-2027 period to ensure continued development of trans-European transport, energy and telecom networks. Following Parliament’s adoption of its position on the EU’s long-term budget (Multiannual Financial Framework – MFF 2021-2027) last week, the […]

EU Budget 2019: MEPs increase funding on youth, migration and research

This article is brought to you in association with the European Parliament. Budget MEPs increased Erasmus+ funds and restored budgets for infrastructure investments, as well as Horizon 2020, the EU research programme.  On Tuesday and Wednesday, they voted through a budget totalling €166.3 billion in commitments, which is €717 million more than the original European Commission […]

France asks help from Germany but it will not be for free

France and Germany had a ‘meeting’ last Monday to discuss about the latter’s support on the problematic budget of France regarding the high deficit levels. This comes after the submission of France’s 2015 budget upon approval by the European Commission (E.C.). The Hexagone claims that slow growth must be fought at all costs. However, Germany is […]

France breaks budget promises once again and the EU’s finance offices are shaking

Last Wednesday, just two days before Eurozone’s finance ministers met for informal talks in Milan, the news had come in: France will not achieve a 3% EU budget deficit target this year. During a conference in Paris, the French finance minister Michel Sapin said that the country’s budget deficit will be around 4.4% of GDP in 2014 […]

The European Parliament double-checks the EU 2014-2020 budget

The European Parliament approved yesterday the EU proper budget for the next seven years, set at €960 billion in commitments and €908bn in payments (at 2011 prices). This is the Multiannual Financial Framework 2014-2020 providing the financial resources and setting the expenditure limits for all EU institutions and policies. As a general rule the Multiannual […]

The Commission offers exit from the EU budget stalemate

The European Commission took action yesterday to unlock the double stalemate over the approval of both, the 2014 EU budget and the Multiannual Financial Framework 2014-2020. The MFF sets the spending ceiling of all EU bodies at €960 billion for the next seven years. To overcome the dead-end Commissioner Janusz Lewandowski responsible for budgets, proposed […]

Commission challenges Council over EU 2014 budget

Another €460 million should be added to the 2014 EU budget spending said yesterday the European Commission. This is a direct challenge to the Council’s position presented last week in the European Parliament shaping a severely cut down 2014 EU budget. The Commission asks additional funding exactly for those programmes that the Council wants to […]

The cuts on 2014 Budget will divide deeply the EU

Janusz Lewandowki, the EU Commissioner for Budget joined yesterday the European Parliament in repelling the severe cuts on EU funding for 2014 proposed by the Council. The usually low tone Polish Commissioner appeared rather shocked when he understood that the Council proposal was infested with deep reductions in crucial items of the 2014 budget. For […]

Uncovered liabilities of €5 billion may render EU insolvent

The deplorable tactics of practically all European Union governments to hide the problems under the carpet, for the next administration to confront them, couldn’t leave Brussels untouched. In this way the European Union budget for 2013 has been loaded with a huge burden of €16.2 billion of unpaid 2012 bills, a fact that threatens the […]

Parliament ready to fight for a different EU budget

Last Tuesday 12 March, when the President of the European Council, Herman Van Rompuy, was addressing an invitation letter to the 27 EU leaders for the spring EU Summit of today and tomorrow, he couldn’t know the alarming outcome of European Parliament vote on the austerity EU Budget.This draft Budget features  a deficit for the […]