The EU multiannual financial framework (MFF) ensures for periods of 7 years each the financing of common programmes in all policy areas in Europe ranging from agriculture to research, from regional policy to foreign aid. With Brexit looming, the EU has to face a funding gap of around 15 billion euros per year for the next budgetary period 2021-2027. At the same time, it has to tackle new challenges such as migration, security and defence, the digital transition and climate change. Many Member States have already rejected both expenditure increase and cuts in agricultural and regional funds, as well as new criteria for the allocation of money linked to rule of law and refugees.
Spain's government has unveiled an EU-funded recovery plan aimed at creating over 800,000 new jobs and yanking the country out of its worst economic slump in decades
2 months ago
The European Union Commission has planned to pay out billions of euros as loans for workers affected by the corona virus pandemic, as part of the EU's recession recovery plan.
3 months ago
One of the biggest gambles of the 750 billion-euro coronavirus recovery package agreed by the EU is the idea that Brussels will be able to raise new taxes and levies across Europe to pay for it
4 months ago
After a marathon summit with long negotiations, European Union leaders finally struck a deal for a recovery stimulus plan and a long-term budget.
4 months ago
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