The European Parliament has paved the way for the Union’s budget for the coming years. The controversial rule of law mechanism was also adopted.

The EU Parliament has given the green light for the adoption of the European Community budget for the years 2021 to 2027. A large majority of MEPs – 548 votes in favor, 81 against and 66 abstentions – voted in Brussels on Wednesday for the text agreed with the Member States. The controversial regulation was also passed to cut EU funds in the event of breaches of the rule of law in Member States.

More than one trillion euros has therefore been reserved for the next seven years. The allocation of this multiannual financial framework and the use of the funds had been debated for months. After a difficult agreement between the member states at the summit of the heads of state or government in July, further negotiations followed with the parliament, which demanded more money for a number of EU programs.

The conflict with Poland and Hungary has been resolved

Recently, Poland and Hungary have blocked the final acceptance of a compromise for weeks because they reject the proposed link between the disbursement of funds and the rule of law. At last week’s EU summit, the blockade was finally resolved through an explanatory statement, assuring Warsaw and Budapest that the European Court of Justice would examine the regulation first.

Parliament rejected this statement by the Heads of State or Government and approved the rule of law mechanism as agreed with the Council. The European Commission has asked MEPs to implement the rule of law mechanism quickly. Poland and Hungary have been pilloried in the EU for years for violations of the rule of law.

Last week’s top deal also affected the Corona relief fund, which is closely tied to the budget, with an additional € 750 billion. The EU parliament does not have to agree to this. Since the European Commission is expected to raise the money on the financial markets on behalf of the community, the national parliaments of the member states have yet to give the green light.

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