Bericht

The EU budget as an opportunity in the crisis: The EU Commission proposal for a new financial framework and a reconstruction fund

In response to the socio-economic consequences of the corona pandemic, the European Commission presented a comprehensive package of measures on 27 May 2020. It consists of two components. Firstly, the Commission's original proposal of May 2018 for the Multiannual Financial Framework (MFF) 2021-2027 is to be increased to €1.8 trillion. Secondly, the Commission is proposing a temporary economic budget of €750 billion under the title 'Next Generation EU'. This far-reaching package, which the Commission drew up in just a few weeks, can have the effect of fundamentally reshaping European budgetary policy and redistributing competences and responsibilities between the EU and the member states. The result could be a significant deepening of European integration.

Language
Englisch

Bibliographic citation
Series: SWP Comment ; No. 37/2020

Classification
Politik

Event
Geistige Schöpfung
(who)
Becker, Peter
Event
Veröffentlichung
(who)
Stiftung Wissenschaft und Politik (SWP)
(where)
Berlin
(when)
2020

DOI
doi:10.18449/2020C37
Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Bericht

Associated

  • Becker, Peter
  • Stiftung Wissenschaft und Politik (SWP)

Time of origin

  • 2020

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