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EPC Fortnightly Update

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Friday, 27 November 2020
 09:30 - 10:30
By invitation only


Jacki Davis
Meade Davis Communication

EPC Director of Studies Janis A. Emmanouilidis, EPC Policy Analyst Marta Pilati and EPC Chief Executive Fabian Zuleeg will cover two main topics at this EPC Forthnightly Update. Firstly, given the current state of negotiations between the EU and the UK, we will debate the prospects for a last-minute agreement and whether time has now actually run out to agree and ratify a deal on the future relationship between the EU27 and the United Kingdom. In the event that both sides fail to reach an agreement, we will discuss the economic and political consequences of a no-deal scenario for the Union and the UK.

Secondly, following the threat of the governments of Hungary and Poland to veto the EU’s €1,8 trillion multi-annual budget and recovery fund, we will discuss the state of affairs and prospects for an agreement on the MFF/recovery package and the new rule of law mechanism. The two governments are attempting to neuter the conditionality mechanism tying payments to the adherence of key principles and norms of the EU. Will Budapest and Warsaw actually veto the overall package or is their threat just a bluff, as some commentators argue? Will both sides be able to reach an agreement by December or will a veto from Budapest and Warsaw further delay or even derail the entire process and thus undermine the implementation of the historic deal reached among EU leaders in July? What are the financial and political consequences if the EU27 fail to reach an agreement and what are the budgetary options should the governments of Hungary and Poland stick to their threat to veto the multi-annual financial framework and recovery fund?


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