The European Parliament has announced that it has interrupted negotiations with the Member States on the EU’s next multiannual budget for the period 2021-2027, at the risk of delaying the €750 billion recovery plan backed by it.
The additional nine billion promised by the German Presidency is insufficient.
EU heads of state and government agreed last July on a budget of €1 074bn over seven years. But the European Parliament is calling for a much higher volume, especially for 15 EU flagship programmes. But a decision on this would only be taken in a few years’ time.