The creation of the high-level group was announced on 25 February 2014 in Strasbourg by the President of the European Parliament Martin Schulz, the President of the Council Antonis Samaras and the President of the Commission José Manuel Barroso. On that occasion they welcomed Mario Monti as chairman of the Group jointly appointed by the three institutions.
This interinstitutional group, the creation of which was agreed during the negotiations on the Multiannual Financial Framework 2014-2020, will undertake a general review of the own resources system. It will give a first assessment by the end of 2014. National parliaments will have the opportunity to discuss the outcome of the work at an inter-parliamentary conference in 2016. On the basis of the results of this work, the Commission will assess, in parallel to the review and revision process of the MFF 2014-2020, whether to propose reforms to the current system of own resources for the next financial period (post 2020).
Mario Monti said: "I am honoured to chair this group composed of eminent personalities, of great competence and political experience. By launching this initiative, the European Parliament, the Council and the Commission have showed awareness that the current way of financing the EU budget needs thorough reconsideration. Although the topic has been the subject of several excellent reports in the past, no significant progress has been achieved so far at the political level. I am confident that, building on this unprecedented joint initiative of the three institutions, our group will provide well-founded options for future decisions with a view to a simpler, more transparent, equitable and democratically accountable system".
Press release
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