Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Key elements of the EP negotiating mandate on the MFF
    Top Stories

    Key elements of the EP negotiating mandate on the MFF

    Published by Gbaf News

    Posted on March 20, 2013

    4 min read

    Last updated: January 22, 2026

    An infographic illustrating the rise in UK retail sales driven by Black Friday spending in late 2024, reflecting consumer spending trends amidst economic challenges.
    Black Friday retail sales surge in the UK, highlighting consumer spending trends - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    The European Parliament’s mandate to negotiate the EU multiannual financial framework for 2014-2020 with the EU member states was approved in Strasbourg on Wednesday 13 March 2013.

    Parliament rejects the agreement in its current form and calls for a forward-looking budget that can deliver growth and jobs, that provides maximum flexibility for adjusting spending priorities within the budget and from year to year, for a real revision possibility and for a system of genuine own resources to fund the EU budget.

    President Schulz said yesterday:
    “This important resolution paves the way forward for possible negotiations with the Council on the long-term EU budget 2014-2020. The European Parliament cannot accept the proposal from the Member States without the fulfillment of certain essential conditions”.

    “There must be maximum overall flexibility and an ambitious agreement on own resources. The European Parliament also demands a compulsory, legally binding and comprehensive revision of the Multiannual Financial Framework decided by qualified majority in the Council. Parliament will not even start negotiations until all unpaid payment claims for 2012 are covered.”

    In addition, Parliament also wants all bills falling due in 2013 be paid in 2013, so as to avoid “rolling over a deficit” into the new MFF; 2014 has to be started with a “clean sheet” and without an ever increasing structural deficit
    Resolution adopted on 13 March with 506 in favour, 161 against and 23 abstentions

    • Parliament “rejects this agreement in its current form, as it does not reflect the priorities and concerns expressed by Parliament – notably in its resolution of 23 October 2012”. (§1)
    • Parliament wants “a modern, forward-looking, flexible and transparent EU budget that can deliver growth and jobs and bridge the gap between the EU’s political commitments and budgetary means”. (§2)
    • Parliament “stresses therefore the importance of substantially increasing its investments in innovation, research and development, infrastructure and youth, meeting the EU’s climate change and energy objectives, improving education levels and promoting social inclusion, while fulfilling its international commitments”; (§4)
    • Parliament “strongly opposes the current accumulation and rollover of outstanding payment claims in the EU budget, and expresses its firm opposition to a financial framework that might lead the EU budget into a structural deficit.” (§6)
    • Parliament “is therefore determined to prevent any further shifts of payments from 2013 to the next MFF” (§7)
    • Parliament “recalls the declaration annexed to the EU Budget 2013 calling for the Commission to present, at an early stage in 2013, a Draft Amending Budget devoted to the sole purpose of covering all unpaid claims for 2012.” (§7)
    • Parliament “emphasises that it will not start negotiations on the MFF until the Commission comes forward with an Amending Budget corresponding to this political commitment, and will not conclude these negotiations before the final adoption by Council and Parliament of this Amending Budget.” (§7)
    • Parliament “demands a political engagement from the Council that all legal obligations due in 2013 will be paid out by the end of this year.” (§7)
    • Parliament demands “a compulsory and comprehensive revision, a maximum overall flexibility and an agreement on own resources.” (§8)
    • Parliament wants to “ensure full democratic legitimacy for the next EP and Commission following the 2014 European elections. By means of a legally binding revision clause, both “should be in a position to reconfirm the EU’s budgetary priorities and carry out a revision of the MFF 2014-2020.” (§9)
    • Parliament wants “to ensure maximum overall flexibility between and within headings, as well as between financial years, decided by qualified majority in the Council.” (§10)
    • Parliament “stresses that, in parallel with the MFF negotiations, Parliament and the Council should accelerate their negotiations on the specific legal bases of the EU programmes and policies for the period 2014-2020.” (§14)

     

     

     

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostOvum research shows IT services market endured a dismal end to 2012
    Next Top Stories PostTemenos extends record of success in Canada