The summit to negotiate the budgets of the European Union ends in 20 minutes without agreement

The summit that was held this Friday to approve the budgets of the European Union (EU) for the next seven years it remains stuck, since it has ended without agreement after a meeting of just 20 minutes.

The leaders arrived in the morning, since the summit was scheduled for 11 in the morning, however, for other reasons it has been delayed until 19.00 in the afternoon. Just after 20 minutes, the meeting ended without any agreement and, worse, without any progress.

The truth is that the hopes of reaching an agreement were practically nil, as Brussels sources have acknowledged to OKDIARIO, who explain that it is most likely that a new meeting will take place in the coming weeks.

Proposal

The leaders of the European Union they discuss a new proposal for the community budget for the next seven years that does not include significant changes in the cuts raised by the previous draft and also reduces the overall volume of it.

It's about a "technical document" prepared by the services of the European Commission after all the contacts that have taken place since this Thursday began the extraordinary summit of heads of State and Government, who now must examine in detail the proposal in a joint meeting that will take place soon.

Specifically, it raises an EU budget for the period 2021-2027 which is equivalent to 1,069% of the gross national income (GNI) of the block, a percentage five hundredths lower than the previous proposal (1,074%) and much closer to that which European leaders rejected in December last year (1.07%).

Although the specific endowment of each program is still unknown, such as the CAP, community sources have explained that there are changes "everywhere," but "nothing significant." In Cohesion Policy, for example, they point to "marginal modifications."

In addition, the ‘checks’ through which they are returned to Germany, Sweden, Denmark, the Netherlands and Austria part of its national contributions to the community accounts, although with "modulations".

On the revenue side, the document maintains the creation of a tax on unrecycled plastic as a new own resource of the Union, but eliminates the proposal so that part of the benefits derived from the emissions trading system (ETS) is injected into the Community budget.

His attempt, the only real one, had been to rely on a technical proposal drawn up by the European Commission, but the unimpressive of all parties settled all speculation.