EU budget – Verfassungsblog

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04 December 2020

Martin Nettesheim

Legally Feasible, Constitutionally Dubious

The EU is once again in crisis. The political goal of laying down the legal foundations for the Next Generation Europe recovery and reconstruction fund by the end of the year has moved into the far distance after Hungary and Poland announced that they would not agree to a change in the EU's own resources decision at a meeting of the Council of the European Union next week. What to do? Differentiated integration is not possible if and to the extent that NGEU is meant to be financed through EU debt. Is there a possibility of anchoring NGEU entirely in secondary legislation? Continue reading >>

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27 November 2020

Silvia Merler, Francesco Nicoli

Beyond the Veto of the EU Recovery Fund

Poland and Hungary are threatening to block the EU’s €750 billion budget for the next five years. On the verge of taking the biggest step towards closer economic integration to date, the EU should not compromise on the rule of law. To call Poland and Hungary’s bluff, it needs to hold its ground and present a credible plan B. There are three options for an outside recovery instrument worth considering. Continue reading >>

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