Chapter 2: The negotiations about the Multiannual Financial Framework 2021-2027: what happened when with what result?
Restricted access

Until the lengthy and difficult meeting of the European Council in July 2020, the negotiations on the Multiannual Financial Framework (MFF) of the European Union have been characterised by continuity and path dependencies. However, the COVID-19 pandemic changed the framework, the conditions, the topics and the established procedure of these MFF negotiations. The coincidence in time between these negotiations and the Corona crisis opened up the possibility for fundamental changes and reforms. This article first presents the agreement of the European Council of 21 July 2020 on the new MFF 2021–2027 of around 1 trillion euros and on the 'NextGeneration EU' (NGEU) stimulus budget of additional 750 billion euros. It traces the negotiation process and finally analyses the consequences for EU policies. Especially the amendments to the system of own resources for financing and the agreement on the additional NGEU could lead to fundamental changes in the European budgetary system.

You are not authenticated to view the full text of this chapter or article.

Access options

Get access to the full article by using one of the access options below.

Other access options

Redeem Token

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institutional Access

Personal login

Log in with your Elgar Online account

Login with your Elgar account
Monograph Book