Outcome of the Special European Council meeting of 17-21 July 2020
Briefing
23-07-2020
After almost five days of negotiations, the European Council reached a political agreement on the Multiannual Financial Framework (MFF) for 2021 to 2027 and a specific recovery instrument following the coronavirus crisis – Next Generation EU (NGEU) – together totalling €1 824.3 billion. Negotiations seem to have concentrated in particular on the balance between loans and grants for the provision of funding under the NGEU, with a final division of €360 and €390 billion respectively. Other notable developments concern the link between EU funding and respect for the rule of law, the size of the MFF, rebates and own ressources.
Briefing
About this document
Publication type
Author
Policy area
Keyword
- Asia and Oceania
- China
- coronavirus disease
- economic conditions
- economic geography
- economic recovery
- ECONOMICS
- epidemic
- EU finance
- EU institutions and European civil service
- European Council
- EUROPEAN UNION
- financing of the EU budget
- GEOGRAPHY
- health
- multiannual financial framework
- political framework
- POLITICS
- rule of law
- SOCIAL QUESTIONS