RRI Live!

Listen to Radio Romania International Live

Agreement on the EU budget

European leaders reach agreement on the EU multi-annual budget and the recovery plan previously vetoed by Hungary and Poland

Agreement on the EU budget

, 11.12.2020, 14:00

Gathered in Brussels for a two-day summit, the EU leaders managed to unblock the situation regarding the EU budget and the coronavirus recovery plan, which had been vetoed by Hungary and Poland. Unhappy that access to European funds was made conditional on the observance of the rule of law, the two governments contested the new Rule of Law Mechanism. A compromise was eventually reached, and the Hungarian and Polish governments lifted their veto.



The European Rule of Law Mechanism, adopted by qualified majority following an understanding between the European Parliament and the German Presidency of the Council of the EU, allowed for the suspension of a member state’s access to European funds if the European Commission considered that the said state was violating the rule of law, and provided the member states approved the measure by qualified majority. Stating that the mechanism had no clearly set criteria and could be used as an arbitrary political tool to sanction the countries that promote policies disliked in Brussels, on November 16th, the Polish and the Hungarian governments vetoed the EU’s multi-annual budget.



The EU budget for 2021-2017, worth 1074 billion euro, and the Next Generation EU-Covid-19 recovery package, with a fund of 750 billion euro, were adopted in July. The member states will be able to access credits and grands from this package. According to the President of the European Council, Charles Michel, with the help of this plan economies can undertake the green and digital transitions.



Following the agreement, Romania will get 46.7 billion euros from the common budget, for various policies, from agriculture, cohesion or rural development to transport and infrastructure. Also, 33.5 billion were allocated to Romania from the recovery package, in the form of grants and credits. President Klaus Iohannis has stated that Romania is ready to use these funds for reforms and investments in key sectors.



According to the EU, the long-term budget and the Next Generation package, a temporary plan devised to boost recovery post-Covid19, will make up the largest incentive package funded from the EU budget. The new budget was conceived so as to strengthen flexibility mechanisms, in order to meet unforeseen needs.



Next Generation will help fix the economic and social damage caused by SARS Co-V2. It is hoped that, after the Covid-19 pandemic, Europe will be greener, more digital, more resilient and better prepared to meet current and future challenges. (M. Ignatescu)

Today in the News Monday, 24 February 2025

Three years of war in Ukraine

  Three years after Russia’s invasion, EU leaders went to Kyiv to express their support for Ukraine, in a summit dedicated to a common defence...

Three years of war in Ukraine
Today in the News Monday, 24 February 2025

Romanian director Radu Jude wins another Berlinale Award

The 75th edition of the International Film Festival in Berlin, the first major cinema event of the year reached its climax on Saturday with its...

Romanian director Radu Jude wins another Berlinale Award
Today in the News Friday, 21 February 2025

Restructuring in state institutions

The biggest cut in operating expenses in the history of the Government is starting, Prime Minister Marcel Ciolacu announced in Bucharest. In the...

Restructuring in state institutions
Today in the News Friday, 21 February 2025

Discussions regarding the Car Scrapping (Rabla) program

The Car Scrapping (Rabla) programs were implemented by the Environment Ministry to renew the car fleet in Romania, by gradually replacing old,...

Discussions regarding the Car Scrapping (Rabla) program
Today in the News Thursday, 20 February 2025

Romania at the Paris consultations

  The security of Europe was the topic of a second meeting organised on Wednesday in Paris by the French president Emmanuel Macron, after the...

Romania at the Paris consultations
Today in the News Thursday, 20 February 2025

Security decisions in Romania’s Parliament

  The Chamber of Deputies in Bucharest, as the first party to be notified, endorsed a draft law that allows drones that illegally enter Romanian...

Security decisions in Romania’s Parliament
Today in the News Wednesday, 19 February 2025

Romania will keep to its Euroatlantic path

Romania’s foreign policy will maintain its natural course, as a member of the European Union and NATO, having a Strategic Partnership with the...

Romania will keep to its Euroatlantic path
Today in the News Wednesday, 19 February 2025

National Day Constantin Brancusi

In 2015 Romanian Parliament endorsed a law declaring February 19th the National Day Constantin Brancusi – which is a national holiday, to pay...

National Day Constantin Brancusi

Partners

Muzeul Național al Țăranului Român Muzeul Național al Țăranului Român
Liga Studentilor Romani din Strainatate - LSRS Liga Studentilor Romani din Strainatate - LSRS
Modernism | The Leading Romanian Art Magazine Online Modernism | The Leading Romanian Art Magazine Online
Institului European din România Institului European din România
Institutul Francez din România – Bucureşti Institutul Francez din România – Bucureşti
Muzeul Național de Artă al României Muzeul Național de Artă al României
Le petit Journal Le petit Journal
Radio Prague International Radio Prague International
Muzeul Național de Istorie a României Muzeul Național de Istorie a României
ARCUB ARCUB
Radio Canada International Radio Canada International
Muzeul Național al Satului „Dimitrie Gusti” Muzeul Național al Satului „Dimitrie Gusti”
SWI swissinfo.ch SWI swissinfo.ch
UBB Radio ONLINE UBB Radio ONLINE
Strona główna - English Section - polskieradio.pl Strona główna - English Section - polskieradio.pl
creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti
italradio italradio
Institutul Confucius Institutul Confucius
BUCPRESS - știri din Cernăuți BUCPRESS - știri din Cernăuți

Affiliates

Euranet Plus Euranet Plus
AIB | the trade association for international broadcasters AIB | the trade association for international broadcasters
Digital Radio Mondiale Digital Radio Mondiale
News and current affairs from Germany and around the world News and current affairs from Germany and around the world
Comunità radiotelevisiva italofona Comunità radiotelevisiva italofona

Providers

RADIOCOM RADIOCOM
Zeno Media - The Everything Audio Company Zeno Media - The Everything Audio Company