Can the EU afford its €1.7 trillion future? Unpacking the MFF

This afternoon, Commission President Ursula von der Leyen is expected to present a draft proposal for the European Union’s next seven-year budget, officially called the Multiannual Financial Framework, or MFF. The current MFF, running from 2021 to 2027, stands at just over €1.2 trillion. But according to a leaked draft, the next proposal, covering 2028 to 2034, could reach €1.717 trillion, or 1.23% of the EU’s gross national income. That’s up from about 1.1% now. With political divides deepening and resources stretched thin, can this budget still deliver on Europe’s promises?Join us on our journey through the events that shape the European continent and the European Union.Production: By Europod, in co production with Sphera Network.Follow us on:LinkedInInstagram Hosted on Acast. See acast.com/privacy for more information.