European Council: Agreement on a multiannual financial framework and a new set-up plan for the European Union

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European Council: Agreement on a multiannual financial framework and a new set-up plan for the European Union

The European Council agreed on 21 July 2020 on the next multiannual financial framework for 2021-2027 and on a plan for the new set-up of the European Union.

Representatives of the 27 member states agreed in Brussels on a complete EU budget of 1820 billion EUR, 750 billion of it for the set-up of the „NextGenerationEU“ (NGEU), a new temporary financial instrument for coping with the consequences of COVID-19.

More here and here the article EU long-term budget deal must be improved for Parliament to accept it

 

 

By | 2020-07-27T13:22:43+00:00 July 27th, 2020|announcement, press release|Comments Off on European Council: Agreement on a multiannual financial framework and a new set-up plan for the European Union