“Settlement on the MFF (multiannual monetary framework) and the restoration bundle. Now we are able to start implementing and rebuilding our economies. Our main restoration bundle will take our digital and environmental transactions additional, “Michel mentioned on Twitter.
The EU funds 2021-2027 (1.074 billion euros) and the post-Covid restoration plan (750 billion euros) have been adopted in July, however have been blocked by Budapest and Warsaw to oppose a mechanism that conditioned entry to European funds for state compliance. proper.
The brand new European conditionality mechanism, adopted by certified majority following an settlement between the European Parliament and the German presidency of the EU Council, allowed the suspension of European funds within the case of a Member State when the European Fee considers that it violates the rule of regulation. certified majority this measure in opposition to that nation.
Accusing that this mechanism doesn’t have clear standards and can be utilized as an arbitrary political instrument to sanction nations that promote unpleasant insurance policies in Brussels, the Polish and Hungarian governments vetoed on 16 November the EU’s multiannual funds for 2021-2027. 1,074 billion euros) and the “Subsequent Technology” plan, which relies on a 750 billion euro fund from which Member States will entry loans and grants.