HomeEuropeEU deal on finances assessment caught due to Germany's inner fiscal issues

EU deal on finances assessment caught due to Germany’s inner fiscal issues

European Union flags flutter exterior the EU Fee headquarters in Brussels, Belgium, July 14, 2021. REUTERS/Yves Herman/File Picture Purchase Licensing Rights

BRUSSELS, Nov 30 (Reuters) – The most important impediment to a deal on a mid-term revision of the European Union’s 7-year finances is the interior dialogue in Germany on the nation’s personal finances, thrown into turmoil by a constitutional court docket ruling, the EU Funds Commissioner mentioned.

Johannes Hahn informed a information briefing that Hungary, which has known as for a strategic dialogue on the EU’s coverage in direction of Ukraine, together with 50 billion euros ($54.66 billion) in EU finances assist over the following 4 years, was seemingly much less of a problem to succeed in a deal.

“Now the most important drawback is that Germany is so distracted by their home points that they do not discover time to cope with this (EU finances revision),” Hahn mentioned.

($1 = 0.9147 euros)

Reporting by Jan Strupczewski, modifying by Tassilo Hummel

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