On Wednesday 14 September, the European Commission proposed a fairly ambitious mid-term revision of the multi-annual financial framework (MFF) of the EU for 2014-2020, which is likely to upset several capitals, as it brings in the possibility of spending more by increasing budgetary flexibility.
The MEPs, on the other hand, will be getting a very nice early Christmas present, as the Commission is proposing to create a new European Union crisis reserve, to be paid for out of unused credits.