Past Event

EU budget post 2020: the next MFF

This is a closed-door event where we will discuss the EU budget post-2020.

Date: May 16, 2018, 11:00 am Topic: Macroeconomic policy

Following up on our March event, we are organising a round table in order to probe deeper into the questions surrounding the EU budget after the year 2020. Firstly, we will look at the new challenges that have emerged since the 2014-20 MFF negotiations, as well as the European Commission’s detailed proposal. The main question is that of what the EU wants to do. In the second part of the event we are ‘minding the gap’ by discussing how to fill the financing ‘hole’ left by Brexit. This is the reason why, we ask how financial instruments and flexibility tools around the EU budget (like the Juncker plan guarantee mechanism) could be used in the next MFF.

The event is held under the Chatham House Rule and will not be livestreamed.

EVENT MATERIALS

Presentation by Stefan Lehner

Schedule

May 16, 2018

11:00-12:45

SESSION 1: THE MULTI-ANNUAL FINANCIAL FRAMEWORK 2021-27

Chair: Zsolt Darvas, Senior Fellow

11:00-11:15

Presentation

Stefan Lehner, Director, Own Resources and Multiannual financial framework, European Commission, DG Budget

11:15-12:00

Panel discussion

Giacomo Benedetto, Jean Monnet Chair in European Union Budget Policy, Royal Holloway University of London

Marcin Kwasowski, Deputy Director, Department of Economic Policy of the EU, Ministry of Foreign Affairs, Poland

Esperanza Samblas Quintana, Deputy Director in charge of European Budget, Spanish Ministry of Finance and Civil Service

Salvatore Serravalle, Deputy Secretary General in charge of the budget, Secretariat General for European affairs, France

12:00-12:45

Roundtable discussion

12:45-13:15

Lunch

13:15-14:30

SESSION 2: THE ROLE OF FINANCIAL INSTRUMENTS IN THE NEXT MFF

Chair: Grégory Claeys, Senior Fellow

13:15-13:45

Panel discussion

Barbara Balke, Director of Legal Department Corporate, European Investment Bank

Antoine Quero-Mussot, Senior Expert on Innovative Financial Instruments, Directorate General for Budget

Laurent Zylberberg, Chairman of the European Long-Term Investors Association (ELTI) and Senior Executive Vice-President in charge of Public, International and European Affairs, Caisse des Depots Group

13:45-14:30

Roundtable discussion

14:30

End

Speakers

Barbara Balke

Director of Legal Department Corporate, European Investment Bank

Giacomo Benedetto

Jean Monnet Chair in European Union Budget Policy, Royal Holloway University of London

Grégory Claeys

Senior Fellow

Zsolt Darvas

Senior Fellow

Marcin Kwasowski

Deputy Director, Department of Economic Policy of the EU, Ministry of Foreign Affairs, Poland

Stefan Lehner

Director, Own Resources and Multiannual financial framework, European Commission, DG Budget

Antoine Quero-Mussot

Senior Expert on Innovative Financial Instruments, Directorate General for Budget

Esperanza Samblas Quintana

Deputy Director in charge of European Budget, Spanish Ministry of Finance and Civil Service

Salvatore Serravalle

Deputy Secretary General in charge of the budget, Secretariat General for European affairs, France

Laurent Zylberberg

Chairman of the European Long-Term Investors Association (ELTI) and Senior Executive Vice-President in charge of Public, International and European Affairs, Caisse des Depots Group

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Katja Knezevic

[email protected]

Read article More on this topic More by this author
 

Blog Post

European governance

Does the war in Ukraine call for a new Next Generation EU?

The European Union should take significant economic measures in response to the war in Ukraine, but a new Next Generation EU is not needed yet.

By: André Sapir Topic: European governance Date: May 17, 2022
Read article More by this author
 

Blog Post

European governance

How has growth changed what countries get from the European recovery fund?

Adjustments to growth forecasts mean some countries will get 10% more than expected and others 20% less in grants from the EU Recovery and Resilience Facility. But the benefits of more quickly rising growth rates dwarf foregone recovery funds.

By: Zsolt Darvas Topic: European governance, Macroeconomic policy Date: February 17, 2022
Read article More by this author
 

Blog Post

European governance

The puzzle of European Union recovery plan assessments

Identical European Commission assessments that EU countries’ recovery plan cost justifications are ‘medium-quality’ undermine trust in the assessments and raise questions about whether recovery money will be well spent.

By: Zsolt Darvas Topic: European governance, Macroeconomic policy Date: February 8, 2022
Read article
 

External Publication

European governance

EU borrowing—time to think of the generation after next

Financing post-pandemic recovery via EU borrowing has proved remarkably straightforward. So why keep it temporary?

By: Grégory Claeys, Rebecca Christie and Pauline Weil Topic: European governance, Macroeconomic policy Date: December 9, 2021
Read article Download PDF
 

Policy Contribution

European governance

Next Generation EU borrowing: a first assessment

The Next Generation EU programme is radically changing the way the EU finances itself and interacts with financial markets. This paper assesses the first design decisions made by the European Commission and the issuances that have taken place so far. It also outlines the potential risks and opportunities linked to this upgrading of the EU borrowing.

By: Rebecca Christie, Grégory Claeys and Pauline Weil Topic: Banking and capital markets, European governance, Macroeconomic policy Date: November 10, 2021
Read article Download PDF More by this author
 

Parliamentary Testimony

European governanceEuropean Parliament

An overview of the Recovery and Resilience Plans

Testimony before the European Parliament’s Committee for Budgetary Control (CONT) on the topic "Capacity for proper expenditure controls of the increased budget of the MFF and NGEU".

By: Zsolt Darvas Topic: European governance, European Parliament, Macroeconomic policy, Testimonies Date: November 2, 2021
Read article More on this topic More by this author
 

Podcast

Podcast

The EU recovery fund - state of play and outlook

Live from the Annual Meetings: Bruegel Director Guntram Wolff discusses the EU recovery fund, its state of play and outlook with Nadia Calviño, First Vice-President and Minister for Economy and Digitalization of Spain and Professor Karolina Ekholm of Stockholm University.

By: The Sound of Economics Topic: Macroeconomic policy Date: September 1, 2021
Read about event More on this topic
 

Past Event

Past Event

The EU recovery fund - state of play and outlook

Bruegel Annual Meetings, Day 1- In The Sound of Economics Live session we will discuss the EU recovery fund, its state of play and outlook.

Speakers: Nadia Calviño, Karolina Ekholm and Guntram B. Wolff Topic: Macroeconomic policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: September 1, 2021
Read article More by this author
 

Blog Post

Fit for 55 marks Europe’s climate moment of truth

With Fit for 55, Europe is the global first mover in turning a long-term net-zero goal into real-world policies, marking the entry of climate policy into the daily life of all citizens and businesses.

By: Simone Tagliapietra Topic: Green economy, Macroeconomic policy Date: July 14, 2021
Read about event
 

Past Event

Past Event

Investment firepower for the recovery: a conversation with Philippe Donnet, CEO of Assicurazioni Generali

At this event the CEO of Assicurazioni Generali, Philippe Donnet will be in conversation with Guntram Wolff, Director of Bruegel.

Speakers: Philippe Donnet and Guntram B. Wolff Topic: European governance, Macroeconomic policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: July 8, 2021
Read article Download PDF More on this topic
 

Policy Contribution

Commercialisation contracts: European support for low-carbon technology deployment

To cut the cost of decarbonisation significantly, the best solution would be to provide investors with a predictable carbon price that corresponds to the envisaged decarbonisation pathway.

By: Ben McWilliams and Georg Zachmann Topic: Green economy Date: July 1, 2021
Read about event More on this topic
 

Past Event

Past Event

EU debt vs national debts: friends or foes?

The EU will become into a major issuer of safe assets in the coming years. How will this interact with the debt issuance of European sovereign debts?

Speakers: Grégory Claeys, Yves Jacob, Gert-Jan Koopman, Pablo de Ramón-Laca, Imène Rahmouni-Rousseau and Bruegel Topic: Macroeconomic policy Date: June 29, 2021
Load more posts