On 16 November, representatives of Hungary and Poland refused to approve the informal agreement reached last week under the rule of law mechanism. Subsequently, Slovenia joined them in this opposition. The Council of the European Union debated the issue on 17 November, followed by a political debate at the European Council video conference on 19 November. Following a bilateral meeting on 26 November, Hungary and Poland agreed to maintain their position and called for changes to the rule of law mechanism. At the same time, negotiations are to be held on the 2021 annual budget. The 21-day conciliation period runs from November 17 to December 7 of this year. At this time of the session of the European Parliament and the Council, a final agreement must be reached. The agreement paves the way for negotiations with the European Parliament on the proposal. Negotiations continued until October and November, with the co-legislators remaining committed to the rule of law. At the end of October, Parliament presented a so-called revolutionary proposal to bridge the gap between the two sides, but with no immediate success. On 5 November, a political agreement was reached on a proposed rule of law mechanism to guarantee the EU budget.
On 10 November, an informal agreement was reached between the co-legislators on the financial package including the MFF and the recovery plan for Europe. On 21 July 2020, EU heads of state and government agreed on a political agreement on the package. Since then, the European Parliament and the Council, with the participation of the European Commission, have organised eleven trilateral political trilogues on the agreement to refine the final parameters of the agreement. European Parliament negotiators and the Council Presidency have reached a compromise on the EU`s long-term budget of EUR 1,800 billion. After weeks of intense negotiations, the European Parliament and the Council have agreed on a political agreement on future EU funding. EarTO welcomes this political agreement, not least because it has drawn attention to the R and D and I, including Horizon Europe and EU4Health, and look forward to launching the programmes in due course. They want to reach an agreement at the European Council in the autumn of 2019. Under the agreement, financial interests are protected in accordance with the general principles set out in the EU treaties, in particular the provisions of Article 2 of the Treaty on European Union. President Ursula von der Leyen said: “We must now move the agreement on the next long-term budget and nextGenerationEU forward by the end of the year. Assistance is needed for citizens and businesses hard hit by the coronavirus crisis. Our recovery plan will help us turn the pandemic challenge into a recovery opportunity guided by the green and digital transition. I welcome today`s agreement on our economic recovery plan and the next multi-year fiscal framework.