Author (Corporate) | European Commission: Press and Communication Service |
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Series Title | Press Release |
Series Details | IP/06/105 (1.2.06) |
Publication Date | 01/02/2006 |
Content Type | News |
The European Commission on 1 February 2006 presented a revised proposal for a Inter-Institutional Agreement (IIA) on budgetary discipline and improvement of the budgetary procedure. The main elements were: Increased flexibility in future budgets in order to better react to a rapidly changing world (almost €5 bn over the 2007-13 period); establishing basic rules for the new European Globalisation Adjustment Fund (€3,5 bn); a comprehensive review of the EU budget in 2008/9. |
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Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/105&format=HTML&aged=0&language=EN&guiLanguage=en |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |