NEGOTIATIONS FOR THE EU BUDGET: NO AGREEMENT ON THE MFF

The month of February was marked by the failure of EU leaders to reach an agreement on the EU’s 2021-2027 Multiannual Financial Framework (MFF). Charles Michel’s proposal of an overall level of the MFF 2021-2027 at 1.074% was not unanimously supported at the Summit on the 19-20th February and no compromise emerged. As far as the CAP is concerned, the severe cuts (-10% 1st pillar, -25% 2nd rural development) have been prohibitive for some Member States.