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The EU debt bomb – and why it is important for its next budget – Politico

Eleon by Eleon
February 11, 2025
in politics
0
The EU debt bomb – and why it is important for its next budget – Politico

The Commission’s Budget Department played with the idea of ​​bringing together more than 500 different funds into a single cash pot for each country that determines spending in sectors ranging from agricultural subsidies to social housing.

Spain has rejected this option on the grounds that it may not be the most effective way to make a simpler and more targeted budget in practice “.

What will be decided and when?

Tuesday’s discussion is launching a long and Byzantine process which will end before the beginning of 2028, when the new budget comes into force.

This week, the commissioners will be in rubber a short document presenting the main problems to be solved.

There is a certain disagreement on the quantity of individual commissioners able to influence the proposal, two commission officials told Poltico.

The chairman of the Ursula von der Leyen commission wants to keep a firm outlet on the process, while the commissioners with the skin in the game would like a more important role in the direction of the debate.

After the Commission highlighted its proposal this summer, negotiations begin between the Council and the European Parliament.

The national capitals are undoubtedly the most powerful actors in the process, because each country can veto the budget.

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