The European Union may need to scale back its plans to boost growth and counter ...
BRUSSELS - The European Union may need to scale back its plans to boost growth and counter climate change if it fails to quickly agree on a long-term budget, European officials said on Monday, as Germany and other northern states push to restrict spending.
But divisions over the next 2021-2027 financial framework run deeper than usual at a time when the bloc faces risks of a new economic recession and uncertainty over the outcome of the Brexit process - which is expected to lead Britain, one of the largest contributors to the EU coffers, out of the union.
The long-term financial framework needs to be adopted well in advance of its starting date because it has to be translated into yearly spending programs which also usually require long negotiations. The budget for the current seven-year period also amounts to 1% of GNI, but Brussels said it has to go up because of planned higher spending on research, digital economy, border control and defense.
Lawmakers also urged further funding for new projects on climate change and for unemployment benefits as mentioned by the commission’s president-designate Ursula von der Leynen in her inaugural speech after appointment in July.
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