Discover and read the best of Twitter Threads about #COREPER

Most recents (3)

Three very important votes in #coreper today. Despite threats by 🇭🇺and 🇵🇱 to veto the EU budget if this Regulation passed, the Rule of Law (RoL) Regulation passed. 🇭🇺 and 🇵🇱 vetoed the Own Resources Decision (ORD). So what happens now? (thread)
1) First, if no agreement is found on ORD, we fall back on the previous MFF, which obviously didn't include RRF. BUT the new RoL mechanism will apply to all EU spending, hence also to the carried over MFF. Cohesion & CAP money for 🇭🇺 🇵🇱 will now be scrutinised on RoL grounds.
2) Meanwhile, rest of EU could simply copy-paste the RRF text into an ad hoc intergovernmental Treaty (like the ESM one) and take it out of the EU budget. It would require some technical tweaks, like setting up an SPV to issue rather than having the EU do it, but it is feasible.
Read 6 tweets
🇪🇺 Today’s #COREPER II has just started. EU Ambassadors will take important votes on the next #EUbudget. Among them are votes on
🔹the #EUbudget & recovery package,
🔹the conditionality mechanism and
🔹the own resources decision.
‼️ #COREPER update: First decision was on the regulation on the protection of the Union budget (conditionality machanism)
 
👉 EU Ambassadors confirmed the final compromise text with qualified majority.

#EUBudget #MFF #RuleOfLaw
‼️ #COREPER update: The 2nd decision was on the agreement in principle on the Multiannual Financial Framework & Recovery Package
 
👉 2 EUMS expressed reservations with regard to their opposition to 1 element of the overall package - but not to the substance of the #MFF agreement
Read 4 tweets

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