Today we talk about the first year of Von der Leyen Commission, the Polish and Hungarian position on EU Budget, the reform of the European Stability Mechanism
ONE YEAR OF VON DER LEYEN COMMISSION REVIEWED
A year after, with a pandemic ongoing and a battle for the approval of the EU Budget, we can all agree that the Von der Leyen Commission had no easy job. However, the famous outlet POLITICO released a review, school-report-alike, of the work done throughout the year by all the twenty-seven Commissioner: by taking into account the difficult context, characterized by the worst recession since 1929 and the spread of Covid-19, the performances considered particularly brilliant are those of President Von der Leyen, of Commissioner for the economy Gentiloni, and of Commissioner for the Budget Hahn, while less dazzling was the High Representative for foreign affairs and security policy Borrell, suffice it to think to
the weak position of the EU in Libya and recently for the conflict in Nagorno-Karabakh. Another remarkable performance, according to POLITICO, was the one of Virginijus Sinkevičius, Commissioner for environment, oceans and fisheries, who is not only the youngest EU Commissioner (he is just 30-years-old), but has also presented an ambitious environmental plan.
If you want to know more about the performances of EU Commissioner click on the link to POLITICO’s complete article https://www.politico.eu/article/the-von-der-leyen-commission-end-of-year-report-card/
POLAND AND HUNGARY BLOCKING EU BUDGET
The EU budget keeps on being blocked by the Government of Poland and Hungary, as the leaders of the two countries, Morawiecki and Orban respectively, refuse to sign the budget due to the provision linking the reception of EU funds to the Member States’ compliance to rule of law. The two leaders, after a first threat of vetoing the EU's €1.8 trillion budget and coronavirus recovery package, continued their battle and released a joint statement asserting that they will give their assent to the budget only if there is a "substantial modification" to the contested rule of law mechanism. On the other hand, both the rest of EU Members States and the Parliament, stated that will not give up on their position and on the rule of law provision.
The EU budget needs the unanimous approval of all Member States within the end of December in order to be implemented, thus this circumstance is likely to cause serious harm to the stability of the European Union as a whole.
YES TO THE EUROPEAN STABILITY MECHANISM REFORM
On November 30, the Eurogroup finally agreed on the reform of the European Stability Mechanism (ESM) after Italy gave up on its veto right. The reform, agreed by the euro area finance ministers, has been welcomed by Commissioner for economy, Paolo Gentiloni, with the following words “The agreement we reached on the ESM Treaty and on the backstop is good news for the stability and resilience of the euro area and as such it is good news for our citizens and businesses.” The reform provides the extension of the ESM’s tasks, boosts the role of the Mechanisms and introduce a common backstop for the Single Resolution Fund (SRF), which helps to ensure the efficient functioning concerning the financing of resolution within the SRM (Single Resolution Mechanism).