The negotiations between the European Parliament and the Council Presidency on the European Union recovery instrument have been ongoing since the end of August, in parallel to the negotiations on the proposals for the MFF which were already tabled back in 2018.
As usual, nothing is agreed until everything is agreed – but I am convinced that both sides of the negotiation table are well aware of their great responsibility in the current situation. At barely 1% of EU gross national income (GNI), the EU budget is tiny.