President von der Leyen received the Presidents of the European Parliament, the Council and the European Council to take stock of progress in the discussions regarding the next Multiannual Financial Framework and NextGenerationEU, and prepare the intensive interinstitutional negotiations.
They analysed the economic forecasts for the coming months that point
to a severe recession and noted that the crisis will have deep social
impacts across the European Union. They reaffirmed their strong
commitment to doing everything in their power to mitigate these social
impacts and to help the European economy rebound rapidly.
On this basis, participants concurred that reaching swiftly an
agreement on an ambitious European recovery package is the EU's highest
priority for the coming weeks. This will require strong coordination
between the EU institutions, at each stage of the process, as well as
swift ratification of the key elements according to each Member States’
constitutional provisions.
The participants discussed the timetable of the forthcoming
negotiations and the next steps in the process. President Michel
provided updates on his bilateral discussions held with Heads of State
and Government and on preparations for the European Council meeting on
17-18 July.
The participants stressed that it would be essential that Heads of
State and Government reach agreement during this European Council
meeting in order to allow for the interinstitutional negotiations to
start. They further exchanged views on the main elements that will
structure the discussion. President Sassoli presented in the discussion
the main conditions of the Parliament for its approval.
The four Presidents agreed to stay in close contact throughout the
coming weeks and months. President von der Leyen expressed her intention
to reconvene meetings under article 324 of the Treaty, as appropriate,
at key stages in the discussions.
European Council
© Council of the European Union
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article