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For the first time ever, the European Parliament and the Council have agreed to revise the ceilings of the EU's multiannual financial framework. The agreement affects the remaining years of the current financial period: 2024 to 2027. The European Parliament had demanded a revision to enable the EU to rise to its challenges effectively. At the special European Council meeting on 1 February 2024, the EU Heads of State or Government reached a highly anticipated decision on the revision following the ...

Plenary round-up – February I 2024

Kratki prikaz 09-02-2024

A highlight of the February I 2024 plenary session was the debate on the conclusions of the special European Council meeting on 1 February, at which leaders reached agreement on EU funding, in particular for Ukraine. That was followed by a debate with the Council and Commission on the need for unwavering EU support for Ukraine, after two years of Russia's war of aggression against Ukraine. Members also debated empowering farmers and rural communities and ensuring sustainable and fairly rewarded EU ...

EU leaders reached a swift and unanimous decision on the long-term EU budget at the special European Council meeting of 1 February, sending a strong and united message on the EU's continued support for Ukraine. Altogether, the European Council agreed to reinforce new priorities by €64.6 billion in a revised EU multiannual financial framework (MFF). Next to the MFF, leaders discussed the EU's military support to Ukraine, calling on the Council to agree to a European Peace Facility top-up by March ...

Having failed to agree on the revision of the EU's 2021-2027 budget at the December European Council meeting, Member States will attempt to break the impasse at an extraordinary meeting on 1 February 2024.

The main objective of the special European Council meeting on 1 February 2024 is to finalise EU leaders' position on the revision of the multiannual financial framework (MFF). While the aim is to reach an agreement among all 27 Member States, alternatives could be used based on an agreement of 26 Member States. EU leaders may also use the meeting to raise other topics – notably, the war in Ukraine and the possible use of frozen Russian assets, next steps in the enlargement process, security and defence ...

The long-running discussions on a new EU economic governance framework and a recent German court ruling have fuelled the debate on economic governance. This briefing explores the economic concepts that underlie the fiscal framework. The current EU fiscal framework relies on an economic model that assesses the cyclical condition of each country's economy. To pinpoint an economy's position in the business cycle at any given time, a 'potential output' model is used to estimate the highest level of production ...

NDICI-Global Europe: Implementation

Kratki prikaz 11-12-2023

With a budget of almost €79.5 billion in 2021 prices, the Global Europe Instrument is the EU's main financing instrument for external action for 2021 to 2027. The European Commission adopted most of the programming documents under the instrument in December 2021, setting out the priorities and budget allocations for EU cooperation with its partner countries and regions. After two years of operations and before the instrument's mid-term evaluation, the Parliament is set to vote in December on a report ...

Executive Vice-President Dombrovskis and Commissioner Gentiloni are invited to the 13th Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation. The previous RRD took place on 2 October. This briefing describes the state of play of the implementation of the RRF, and then focusses on an analysis of those modified RRPs that contain a REPowerEU chapter and were already approved by the Council, detailing on some information presented therein and commenting ...

The full study presents recommendations, drawing on several scenarios, for how the EU budget could be recast to enable it to be more agile and responsive in dealing with new and future challenges requiring EU-level expenditure or lending.

Amid troubling reports of organised crime incidents across the European Union (EU), Members of the European Parliament (EP) will have the opportunity to question the European Commission regarding the measures and tools in place and planned to address this issue at 'question time' during the October II plenary session.