In the run-up to the European Summit on 14 and 15 December, discussions are progressing within the Council of the European Union in an attempt to bring the EU27 to an agreement on a mid-term review of the 2021-2027 Multiannual Financial Framework (MFF), which is considered “essential” to addressing the crises of recent years.
The European Commission had proposed an increase of more than €65.8 billion in June 2023 (see EUROPE B13205A1) to support Ukraine, meet the rising borrowing...