Bringing Europe’s Economy Back on Track

Angela Merkel and Emmanuel Macron  have proposed that the EU borrows on the financial markets in order to disperse some €500bn  through grants to European economies hit hardest by the coronavirus pandemic. Under the Franco-German proposal the member states receiving the funds would not need to repay the cash. Liability for the debt would instead…

Sassoli Calls for Courage

Parliament’s president David Sassoli has urged “bravery” on the EU recovery plan following meeting with the MFF contact group “Now is the time to be courageous and ambitious with the actions backed by the EU budget. Parliament must be a key player in this process together with other institutions, so it can contribute to making…

European Economic Recovery Plan Tabled

BusinessEurope has tabled its proposals for a European economic recovery plan. It says that despite the extraordinary efforts of governments and the EU Institutions to support businesses and workers through the crisis, Europe’s economic and political environment as we gradually exit from the severe restrictions placed on economic activity is likely to look significantly different…

MFF: Heading for the Worst Budget Ever?

Statement by Luca Jahier, President of the European Economic and Social Committee: For weeks, I have been seriously concerned about the news filtering on the preparation of the Extraordinary European Council, which is expected to discuss the Multi-Annual Financial Framework on 20 February. Today EP plenary debate in Strasbourg has fully confirmed my long-standing concerns….

Commission calls on Council to agree 2021-2027 budget

The Commission has called on EU Heads of State or Government to provide political guidance and new impetus to the negotiations in order to reach an agreement on a “fair, balanced and modern” long-term EU budget for the period 2021-2027 before the end of this year.   It comes just ahead of the European Council meeting…