The debate on the post 2020 Multiannual Financial Framework for the European Union is in full progress. The Commission’s proposal for the next Multiannual Financial Framework was issued on the 2nd of May, 2018, which needs to be agreed upon by all Member States and the European Parliament.
As for the Economic and Monetary Union, the Commission’s objective is ”to support structural reforms at national level; to facilitate convergence for Member States on their way to joining the euro; to provide a backstop for the Banking Union; and to develop a stabilisation function, bringing together different EU and euro area level funds and instruments, to help maintain investment levels in the event of large asymmetric shocks”.
Atanas Pekanov, Austrian Institute of economic research, will introduce the economic views on the current debate.
Elisabeth Lentsch, University of Salzburg, will add to the debate the legal dimension of the financial options and hurdles set out by the EU Treaties.