The EU will condition access to finance by observing the rule of law (project)

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News / International

17 Feb. 2020 / 20:21

The EU will condition access to finance by observing the rule of law (project)

The leaders of the 27 member states of the European Union will condition access to financing in the EU budget for 2021-2027, according to the rule of law, according to a draft document prepared for the summit to be held in Brussels on Thursday, reports Reuters.

"A conditionality regime will be introduced to address the obvious generalized shortcomings in the good governance of the Member States regarding the observance of the rule of law," reads the draft document consulted by Reuters.

The document states that it will be up to the European Commission, the Community Executive, to recommend how such problems can be remedied and the EU countries will later decide by a majority whether to support them. However, this is a significant change from a previous proposal which provided that only a majority of EU Member States can stop such a proposal coming from the Commission.

Member States net contributors to the EU budget, such as Germany, have already denounced this change as a weakening of the rule-of-law mechanism, which currently applies to Hungary and Poland, two former communist states where nationalist and Eurosceptic governments are accused of violating the basic principles of democracy such as the independence of the judiciary, the media and the academic environment.

The 27 heads of state and government in the European Union will have a heated debate on the next budget of the EU bloc on Thursday, the latest proposal by the President of the European Council, Charles Michel, being a budget for 2021-2027 of 1.094 billion euros, ie 1.074% of the gross national income of the EU.

It is a proposal lower than the one requested by the European Commission, which proposed a threshold of 1.114% of the gross national income of the EU (ie a budget of 1.134 billion euros at constant prices in 2018) and well below the threshold of 1.3% of the income gross national of the EU requested by the European Parliament.

Sources quoted by Reuters say that few state leaders are satisfied with Charles Michel's proposal, which needs unanimous approval, and few are expected to reach an agreement later this week.

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