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Europe Daily Bulletin No. 12013

3 May 2018
Contents Publication in full By article 2 / 26
MULTIANNUAL FINANCIAL FRAMEWORK 2021-2027 / Budget
Potential new own resources would bring in €22 billion over period 2021-2027
Brussels, 02/05/2018 (Agence Europe)

On Wednesday 2 May, the European Commission proposed giving the EU new own resources that would bring in €22 billion over the period 2021-2027, or 12% of total EU revenue (see EUROPE 12010).

This would cover 50% of the shortfall resulting from the withdrawal of the United Kingdom from the EU.

The Commission is proposing to set in place a basket of new own resources including: - a share of the common consolidated corporate tax base (CCCTB) which has been relaunched and is to be phased in...

Contents

MULTIANNUAL FINANCIAL FRAMEWORK 2021-2027
BUDGET: Draft multiannual financial framework 2021-2027 gives lion's share to new European priorities
BUDGET: Potential new own resources would bring in €22 billion over period 2021-2027
BUDGET: Commission suggests mechanism to restrict access to European funding in event of rule of law violations
BUDGET: MEPs welcome Commission's determination to provide EU with new own resources
AGRICULTURE: France opposes 5% cut in farm spending in euro at current rate
COHESION: European Commission forecasts 7% cohesion policy budget reduction but experts say this is more likely to be 10%
DEFENCE: Commission gives European defence means for its ambitions
ECONOMY: Draft post-2020 EU budget innovates to support structural reforms and investment
SECTORAL POLICIES
TRANSPORT: Despite differences, member states want to reach agreement on social aspects in first 'mobility' package in June
CLIMATE: in Bonn, Greens in Parliament urge EU to rally against conflicts of interest promoting fossil fuel industry
CLIMATE: CO2 targets for heavy-duty vehicles due mid-August must be realistic, says ACEA
EXTERNAL ACTION
USA: EU reiterates call for permanent exemption from US customs duties on steel and aluminium
ARMENIA: EU calls once again for dialogue
IRAN: Federica Mogherini wary of Benjamin Netanyahu's statements
LIBYA: Quartet supports organisation of elections this year
BOSNIA-HERZEGOVINA: Mogherini and Hahn call for agreement on electoral reform
COURT OF JUSTICE OF THE EU
JHA: Court holds that a member state can restrict free movement of an EU citizen suspected of past war crimes who is still considered dangerous
INSTITUTIONAL
HUNGARY: Viktor Orbán received by small EPP committee to speak on Europe
UNITED KINGDOM: David Davis is open to idea of association agreement with EU, depending on terms
NEWS BRIEFS
STATE AID: Green light to Croatian support measure for restructuring shipping company
BANKS: New European framework to test resilience of banking sector to cyber-attacks in 2018
ECONOMY: Growth 0.4% of GDP in first quarter in Eurozone and EU
DIGITAL: 5 June objective for interinstitutional deal on communications code still applies
DIGITAL: Public consultation on illegal content
MIDDLE EAST: EU describes ideas expressed by Mahmoud Abbas on Holocaust as 'unacceptable'
VENEZUELA: European Parliament resolution imminent before presidential elections on 20 May