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Wednesday, 24 October 2012

Multi-annual Financial Framework: There are no sacred cows

The European Parliament meeting during the Strasbourg plenary session has expressed concern about the progress of negotiations in the Council on the next Multiannual Financial Framework (MFF 2014-2020). The European Parliament understands that given the current financial context, expenditure must be stabilised, but it refuses to freeze all prospects for the coming seven years and insists on reassessing the situation during the course of the next MFF. Moreover, in their resolution MEPs stress that they can not give their approval to the limited budget if it is not accompanied by a reform of the own resources system. During the debate, the Liberal and Democrat speakers argued that it was necessary to do away with taboos and other sacred cows.

Source: ALDE