Interinstitutional negotiations (trilogue) between the European Parliament and the EU Council on the so-called “umbrella” regulation on common provisions for structural and investment funds failed, on Wednesday 18 November, due to differences of opinion on macro-conditionality and transfers.
However, progress was made on macro-conditionality, the mechanism linking the payment of EU funds to compliance with the criteria of the Stability and Growth Pact.
As a reminder, the European...