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Draft: EU will make access to financing conditional on respect for law

UNITED STATES (OBSERVATORY NEWS) — A draft joint resolution prepared for the summit of 27 European Union leaders to be held in Brussels on Thursday said they would make access to financing conditional on respect for the rule of law, in the EU budget for the period from 2021 to 2027.

“A general system of conditions will be applied to address clear and widespread deficiencies in the good governance of the authorities of member states with respect to respect for the rule of law,” said the draft, seen by Reuters.

The draft said that the European Commission, the executive body of the bloc, would be entrusted with the task of recommending how to tackle any such problems and the European Union countries would then have to make a majority decision on whether to support them.

But this represents a shift from a previous proposal that only a majority of European Union countries can stop such a proposal.

The leaders of the 27 European Union countries will fight their battle over the next budget for the bloc on Thursday in light of the proposal that puts it at 1.094 trillion euros, or 1.074 percent of the gross national income of the European Union.

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