EUROPE
Multiannual financial framework adopted and recovery package
January 2021On 17 December 2020, the EU Council adopted the regulation laying down the EU’s multiannual financial framework (MFF) for the years 2021-2027. Combined with the “Next Generation EU” recovery instrument, it will enable the EU to provide funding of an unprecedented amount of €1,800 billion to support the recovery after the Covid-19 pandemic and the EU’s long-term priorities.