August 01
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20th November 2020
Banking & Finance Covid-19 Institutional law

European Council meeting: remarks on the envisaged mechanism for rule of law conditionality in the context of the EU budget

Yesterday, on 19 November 2020, the European Council met via video conference to assess the situation of the COVID-19 pandemic in Europe and to discuss further coordination efforts. In his remarks following the meeting, Council President Charles Michel offered a brief update on the situation of the Multiannual Financial Framework (MFF) and in particular on the envisaged mechanism of rule of law conditionality to be included in it.

President Michel stressed the fact that the vast majority of Member States agree with the conditionality mechanism, with the exception of some that have indicated that ‘they are not able to support the majority’. Council President insisted that ‘we will continue the discussions to find an acceptable solu

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