Author (Corporate) | European Commission |
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Series Title | COM |
Series Details | (2016) 606 final (14.9.16) |
Publication Date | 14/09/2016 |
Content Type | Policy-making |
A new special instrument establishing a European Union Crisis Reserve financed from decommitted appropriations is provided for in Council Regulation (EU, Euratom) No 1311/2013 laying down the the multiannual financial framework for the years 2014-2020, in order to allow the Union to react rapidly to crises, as well as to events with serious humanitarian or security implications. Therefore the procedure for mobilising the European Union Crisis Reserve needs to be provided for in the Interinstitutional agreement on budgetary discipline, cooperation in budgetary matters and on sound financial management. |
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Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2016:606:FIN |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |