The European Parliament will not rubber stamp a European Union leaders' accord on a massive coronavirus stimulus, the assembly's head said on Wednesday, pledging to reverse research cuts and tie disbursements to democratic values.
BRUSSELS - The European Parliament will not rubber stamp a European Union leaders’ accord on a massive coronavirus stimulus, the assembly’s head said on Wednesday, pledging to reverse research cuts and tie disbursements to democratic values.
While welcoming the 750 billion euro recovery fund agreed by leaders after five days of negotiations, parliament president David Sassoli said the assembly wanted to reshape the related 1.1 trillion euro EU budget. Judged an historic breakthrough by French President Emmanuel Macron because the bloc will raise common debt on a large scale for the first time, the summit deal came at the price of reductions to climate-friendly funds, research and money for the Erasmus student exchange programme.Under EU rules, the parliament must approve the package that would likely reach economies from early- to mid-2021, but it was not immediately clear how the assembly could reopen the accord without risking its collapse.
But Sassoli was adamant when it came to the 2021-2017 common EU budget: “We cannot cut the budget for research and young people and Erasmus, we can’t.”
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