The MFF Non-Decision: More at Stake Than Delays

Based on the non-decision on the MFF EU summit in December, it is evident that a deal on the new EU budget will be very difficult to reach in early 2020, which means EU programmes will not start promptly in 2021, as expected.  Learning from past MFF experiences, it is clear by now that EU programmes will not start promptly in 2021 as expected, and that their implementation will be delayed. However, this time around, consequences of a deal in late 2020 will go much further: the EU’s institutional functioning, political credibility, and economic and investment conditions are at stake. Read more here.

Source: EPC