The recent agreement on the EU budget is an unprecedented and historic achievement for the EU. It has broken a taboo and advanced the integration process. ...the negotiations were arduous, but given the magnitude of the challenge... it would have been naïve to expect otherwise
The recent agreement on the EU budget is an unprecedented and historic achievement for the European Union. It has broken a taboo and
advanced the integration process. We all saw that the negotiations were
arduous, but given the magnitude of the challenge facing the heads of
state and government, it would have been naïve to expect otherwise. It
is virtually impossible to find a comparable agreement between numerous
countries in any other part of the world; by this measure alone it is
impressive.
Having said that, what has been agreed is
complex and bewildering to many. While attention has focused on the Next
Generation EU, the agreement also includes the ‘normal’ multiannual
financial framework (MFF) 2021-27. Comments to the effect that the EU
has deleted all funding for health, or much of the research budget, are
based on the Next Generation EU ‘temporary’ measure and not on the
underlying MFF.
This paper aims to present a brief rundown of the actual changes in numbers and reflect on the meaning of the agreement.
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