Parliament: No consent to EU budget until €11.2 billion unpaid bills are settled

The Plenary of the European Parliament in a non-legislative resolution accepted the political agreement on the Multiannual Financial Framework (MFF) for 2014-2020 that is the EU proper budgets for the next seven years. Negotiations over the next MFF commenced last February after the summit of the 27 leaders set the limit for the seven-year EU total […]

The European Parliament rewrites the EU budget in a bright day for the Union

With major breakthroughs in two key policy areas, the European Banking Union and the EU budgets for the period 2014-2020 materialising in the early hours of Thursday 27 June, the  27-28 June Summit of the 27+1 EU leaders couldn’t offer anything more. It degraded into a procedural affair. In relation with those breakthroughs the European […]