13 Sep Budget Agreement Deutsch
However, this proposal has been the subject of lively debate between the Member States. Before the euro area summit on 29 June 2018, hanse Group had already spoken out against additional financial instruments or even aid budgets to stabilise the euro area58. Eu coffers. The agreement reached on 10 November between the Council and the European Parliament`s negotiators removed a major obstacle to the adoption of the package. Foreign Minister Maas said: “Launching Europe`s economic recovery is a colossal task that we have taken on with our Presidency of the Council. Today, we have taken a big step towards that goal. The Multiannual Financial Framework (MFF) sets out the maximum amount that the EU can devote to its political priorities over a seven-year period or the amount that the EU wishes to invest in certain areas. The EU`s annual budget is adopted annually in accordance with the requirements of the Multiannual Financial Framework. In the meantime, there has been broad agreement among ers in the MFF negotiations on the need for greater budgetary flexibility.
It is the means of achieving this and the instruments that must be used that are the subject of debate. Firstly, Member States have an interest in ensuring that the predictability and binding nature of the MFF are not jeopardised or called into question. . . .