Friday, October 7, 2022
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European Parliament wants 39 billion extra budget and fines for dissidents

The European Parliament continues to hold its ground in the negotiations on the European multi-annual budget (2021-2027). The Budget Committee of the European Parliament wants 39 billion euros more than the 1,800 billion euros (including corona repair fund) that the government leaders released in June.

According to EU sources, there may be a few billions to talk about, but nothing more. German Chancellor Angela Merkel believes that results must be achieved quickly. If the European Parliament and the heads of government do not reach an agreement this month, the money from the recovery fund cannot be used quickly. Merkel predicted in July that negotiations with parliament would be difficult.

Parliament is demanding more money for health, science, climate and youth. It also wants hard guarantees that no EU subsidies go to countries (such as Hungary and Poland) that do not enforce the rule of law. Until now, the government leaders have thrown fines, but they don't. The European Parliament believes that after five years of talking in vain, decisions should now be taken.

The mood between the EU Council of Ministers and Parliament is downright bad. If it is not possible to reach an agreement this month, the introduction of that whole new budget as of January will be jeopardized. This also applies to the € 750 billion corona fund, which is precisely intended to be of benefit to the hardest-hit countries and sectors.

Polish Deputy Prime Minister Jaroslaw Kaczynski says his country will veto the European Union's multi-year budget and corona recovery plan if the EU bloc continues to 'blackmail' and impose its values on the country.

But it is still far from that: first the EU parliament and the member states have to reach an agreement this week. In addition to the rule of law, extra money for the regular budget is also a hard bet for parliament. It wants to add 39 billion euros for science and the Erasmus student exchange program.

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