FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium August 21, 2020.
REUTERS/Yves HermanBRUSSELS (Reuters) - The European Union edged towards finalising its next 1.8 trillion euro ($2.12 trillion) budget and COVID recovery package on Thursday after an agreement that countries breaching rule of law commitments risk losing EU funds.
Finnish European lawmaker Petri Sarvamaa, who sits on the parliament’s budget committee, called the agreement a milestone for protecting EU values.
Both the European Parliament and the European Council, the body representing the 27 EU countries, will have to approve the agreement.
In September, Hungary said a German proposal to tie future EU aid to rule of law conditions as “unacceptable”.
Yves Herman BRUSSELS, Petri Sarvamaa, ”
European Commission, REUTERS, EU, European Council
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