EU parliament to push for tweaks in recovery plan, long-term budget By Reuters

2/2
© Reuters. Extraordinary plenary session of the EU Parliament in Brussels

2/2

BRUSSELS (Reuters) – The European Parliament will push for more of the EU recovery package to be spent on research and development, health and education and for a clearer link between economic aid and observing the rule of law, deputies said on Thursday.

In their first debate on the agreement struck by EU leaders on a 750 billion euro pandemic stimulus and a common 2021-27 budget of 1.074 trillion euros this week, many members of the EU assembly said they would fight for changes.

The European Parliament has to approve the spending plan over the next several months, before it can become reality and help lift the EU economy from recession.

“I am happy about the agreement but I am not happy about the deal,” said Manfred Weber, who leads the biggest, centre-right parliamentary group, EPP.

“We think the MFF (the long-term budget) is not giving proper answers to the challenges of the next seven years. It has to be more future oriented,” he said.

He and leaders of other parliamentary groups said more money was needed to develop a stronger European coastguard, for health protection, research and development as well as defence and development aid for Africa and for other EU neighbours.

MEPs also said money from the recovery package and the budget should be assigned to a larger degree to pan-European projects like creating a trans-national 5G mobile network, European battery production, to become independent of China, or energy production from hydrogen.

Deputies also called for a more clearly formulated link between governments observing the rule of law – the division of power between lawmakers, the executive branch and the judiciary – and the disbursement of European money.

“We have to be clear on this. We need a roadmap for implementing the clear principle: no money without respecting European rules and mechanisms,” said Weber.

The rule of law debate is focused on Poland and Hungary where governments are under EU investigations over actions undermining the independence of courts, media and non-governmental organisations.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function()
{n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘751110881643258’);
fbq(‘track’, ‘PageView’);

by : Reuters

Source link

Capital Media

Read Previous

Low-wage service workers are facing new emotional hazards in the workplace during COVID-19

Read Next

le gouvernement approuve le déploiement de la fibre optique dans les 19 Etats du nord