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Briefing paper: The Commission’s proposal for the 2021-2027 Multiannual Financial Framework

On 2 May 2018 the Commission published a package of legal proposals and accompanying explanatory documents for the new Multiannual Financial Framework (MFF) – a seven-year budget for the European Union for the 2021-2027 period.

In this briefing paper released today the focus is on the proposed MFF Regulation, the MFF Communication and the accompanying Spending Review.

 

Speech by Michel Barnier at the European American Chamber of Commerce

Ladies and gentlemen,

Let me first thank the European American Chamber of Commerce, its President James Rosener, and Executive Director Yvonne Bendinger-Rothschild for inviting me.

It is a timely occasion to talk about Brexit.

I am happy to be in the United States to make the European voice on Brexit heard.

After Brexit, with 27 countries, 440 million consumers and 22 million businesses, we will remain a major partner for the US and a global player.

*

Let me now make a few introductory remarks.

1/ I deeply regret, as a politician and a citizen, the United Kingdom’s decision to leave the European Union. It is my conviction that we are stronger together.

Brexit will necessarily have a cost.

The United Kingdom has decided to leave the European Union’s Single Market and the Customs Union.

This means that Brexit will create friction to trade that does not exist today.

For various economic sectors, this will have an impact on value chains, which are currently closely integrated across national borders of European countries.

This will impact in particular manufacturing and logistics, as well as the agricultural and food sectors.

The cost of Brexit will be substantially higher for the UK than for the EU. But Brexit is clearly a “lose-lose” situation for both.

On both sides of the Channel, businesses, including subsidiaries of US firms, should analyse their exposure to the other side and be ready, when necessary, to adapt their logistical channels, supply chains and existing contracts.

They should also prepare for the worst case scenario of a “no deal”, which would result in the return of tariffs, under WTO rules.

The “no deal” is not our objective. By the way, you do not need a negotiator for no deal. We are negotiating to avoid the “no deal”, but it still cannot be excluded.

Our objective is to reach an agreement by October on the UK’s orderly withdrawal from the EU. This would allow proper time for the British and European Parliaments to vote on the Withdrawal Agreement before the UK actually leaves the EU on 29 March 2019.

*

2/ Over the last few months, we have made progress in the negotiations, as you can see in this draft Withdrawal Agreement which we have published – more or less 80%. In particular:

We reached a deal to protect 4.5 million European citizens in the UK and British nationals in the EU.

We agreed that all decisions taken at 28 will be financed at 28.

We agreed on a transition period of 21 months during which the economic status quo between the EU and the UK will be maintained. It will give business more time to adapt.

However, a number of major issues remain open.

In particular, we need to find solutions for the difficult issue of Ireland and Northern Ireland.

Historically, alongside other partners such as the US, the EU has played an important role in supporting the peace process in Ireland.

And a key feature of the peace process was to make the border between Ireland and Northern Ireland invisible.

This was facilitated obviously by the fact that both Ireland and Northern Ireland were part of the EU.

We need to avoid a hard border and the UK has committed to this.

As the same time we need to protect the EU’s external border to preserve the integrity of our market.

***

3/ We want an ambitious future relationship with the UK – not only in trade, but also in police and judicial cooperation and foreign policy, security and defence.

However, the basis for such cooperation between the UK and the 27 EU countries will necessarily be different.

Therefore, the level of integration will have to be lower than it is today.

Because what the Single Market creates is the most developed form of free trade among sovereign countries. It is as close as it gets to a domestic market.

*

Since we are in New York, only a few miles away from Wall Street, let me take the example of financial services.

Within the EU Single Market, companies established in the UK can provide their services across the entire European Union – we call it “passporting”.

Many US financial institutions decided to establish their European hub in London to have these passporting rights and to be able to service clients across Europe.

This is made possible by the EU Single Market, where EU countries are bound by a common framework, and in particular:

By a single rulebook, which we have reviewed following the financial crisis to increase the resilience of our financial institutions and markets. In doing so, we have implemented the G20 roadmap, just as the US did with the Dodd-Franck Act.

By coordinating or centralising supervision of this single rulebook for banks, insurance companies and financial markets.

By ensuring the uniform interpretation of the single rulebook by the European Court of Justice.

Outside of this common “ecosystem” of regulation, supervision and enforcement, there can be no passporting. The UK has recognised this point, in Ms. May’s Mansion House speech.

But the UK still wants continuity. It would want the EU to accept UK standards by means of a system of mutual recognition.

The UK needs to understand that the EU cannot accept such mutual market access without all the safeguards that underpin it.

This would go against all our objectives:

  • First, ensuring financial stability,
  • Second, protecting investors,
  • Third, securing market integrity
  • And fourth, maintaining a level playing field.

These objectives would not be reached if financial institutions could passport in the EU and serve clients based on a licence by the supervisors of a third country.

I do not know of any country in the world that would accept such a loss of sovereignty.

***

Ladies and gentlemen,

That being said, I think that we should have a close relationship with the UK, also in financial services.

This is our common interest.

I see a number of ways to achieve this.

First, the EU Single Market is open to third countries, in general, to the US, and also to the UK. And it will remain so.

In the EU, free movement of capital is open to third countries.

As regards market access to provide financial services, the European Council made clear that our future Free Trade Agreement with the UK should include the right of establishment, with EU rules applying.

Secondly, the EU has a long history of relying on the regulation and supervision of third countries.

This is what the G20 calls deference, what you call in the US substituted compliance, and what we call in the EU equivalence.

To date, the EU has adopted more than 200 so-called equivalence decisions covering more than 30 foreign jurisdictions, including of course the US. This integrates financial markets and facilitates the work of financial operators in the EU and the foreign jurisdiction.

Today, to be very clear, we are in the EU the most open jurisdiction in the world for financial services.

Why would this equivalence system, which works well, including for the US industry, not work for the UK? Why?

Thirdly, in order to draw lessons from the financial crisis and limit the risks in the future, EU countries collectively developed more effective financial regulation and supervision.

And we were very happy to do this hand-in-hand with the UK.

I can personally testify it: for five years, I was in charge of financial services for the Commission and all these regulations, but two – short selling and banker bonuses – have been adopted in full agreement with the UK.

We need to keep this joint regulatory effort in mind, and be ready to exchange our ideas for future rules in the context of close and voluntary regulatory cooperation.

Here also, we have a regulatory dialogue with the US. We could build on this experience with the UK.

Fourthly, we will of course cooperate with the UK – as we do with the US – in international fora such as the Financial Stability Board and the Basel committee.

The world of finance is global and interdependent. We have a mutual interest in working together, not separately.

***

Ladies and gentlemen,

One thing is clear: we will not change who we are as the European Union because the UK is leaving.

The EU is and will remain the most open market in the world.

No other jurisdiction operates a framework that is more open, comprehensive and rules-based for foreign jurisdictions.

US companies are well aware of this. Many of them have been able to take a leading role in EU markets.

Open markets for financial services are an asset for the EU and will remain so in the future.

Thank you for your attention.

MAIN NEWS

Commission implements 2018 Work Programme commitment to withdraw 15 pending legislative proposals

Following its announcement in the 2018 Commission Work Programme, the Commission today formally withdrew 15 pending legislative proposals, after consulting Parliament and Council. In line with the Interinstitutional Agreement of 13 April 2016 on Better Law-Making and the Framework Agreement on relations between the European Parliament and the Commission, the reason for each withdrawal was set out in Annex IV of the Commission Work Programme 2018. The Commission responded in May to the observations made by the Parliament. This annual exercise allows the co-legislators to focus their attention on the priority files that have a realistic chance of making progress, in line with the Joint Declarations on legislative priorities.

 

Eurostat: Volume of retail trade unchanged in euro area

In May 2018 compared with April 2018, the seasonally adjusted volume of retail trade did not change in the euro area (EA19) and increased by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In April, the retail trade volume decreased by 0.1% in the euro area and increased by 0.3% in the EU28. In May 2018 compared with May 2017 the calendar adjusted retail sales index increased by 1.4% in the euro area and by 2.3% in the EU28. More information here

 

 
 

Commission implements 2018 Work Programme commitment to withdraw 15 pending legislative proposals

Following its announcement in the 2018 Commission Work Programme, the Commission today formally withdrew 15 pending legislative proposals, after consulting Parliament and Council. In line with the Interinstitutional Agreement of 13 April 2016 on Better Law-Making and the Framework Agreement on relations between the European Parliament and the Commission, the reason for each withdrawal was set out in Annex IV of the Commission Work Programme 2018. The Commission responded in May to the observations made by the Parliament. This annual exercise allows the co-legislators to focus their attention on the priority files that have a realistic chance of making progress, in line with the Joint Declarations on legislative priorities.

 

Eurostat: Volume of retail trade unchanged in euro area

In May 2018 compared with April 2018, the seasonally adjusted volume of retail trade did not change in the euro area (EA19) and increased by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In April, the retail trade volume decreased by 0.1% in the euro area and increased by 0.3% in the EU28. In May 2018 compared with May 2017 the calendar adjusted retail sales index increased by 1.4% in the euro area and by 2.3% in the EU28. More information here

 

Commission and World Bank put forward solutions to make life easier for businesses in the EU

Today the Commission and the World Bank are publishing Doing Business in the European Union, a new report assessing what supports or hinders entrepreneurs in setting up and expanding businesses in 25 cities in Croatia, the Czech Republic, Portugal and Slovakia. The report identifies solutions to improve local business environments and save time and costs for companies in 5 key areas: starting a business; dealing with construction permits; enforcing contracts; getting electricity; and registering property. Commissioner for Regional Policy Corina Creţu said: “This report shows how to make the life of businesses and entrepreneurs easier. The future Cohesion Policy for 2021-2027 will continue to support Member States’ efforts to make EU regions more attractive places to work and invest in.” Indeed, the Commission has been working closely with national and regional authorities, in the context of Cohesion Policy, to improve the way they invest EU funds and to set the right conditions for growth and job creation. Under the Catching up initiative, the Commission, in partnership with the World Bank, provides tailored support to a number of low-growth and low-income regions to guide structural reforms that can help EU and national investments unleash their full potential and attract more private capital. This publication is the second in a series of report on business environments in the EU; most EU Member States should be covered by these reports in the future. For more information: see the World Bank press release

 

Nuclear safety: Comprehensive risk and safety assessments of the Belarus nuclear power plant completed

The Peer Review Report of the EU Stress Test in Belarus has been presented today. The review has been carried out by the European Nuclear Safety Regulators Group. The Commission welcomes the completion of this work and looks forward to the next phase of the process and continue working on the proper implementation of the findings. Nuclear safety is paramount in the European Union, and even more so when new facilities are being built and operating on the EU borders. The Commission has continually expressed its readiness to work with and support any non EU country to undertake a comprehensive peer review process and this support has been extended to Belarus. The full Peer Review Report will be published tomorrow Wednesday. A full press release is available online.

 

 

Mergers: Commission clears acquisition of GlobalLogic by Partners Group and CPPIB

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over GlobalLogic Holdings Limited of the US by Partners Group AG of Switzerland and Canadian Pension Plan Investment Board (“CPPIB”) of Canada. GlobalLogic provides outsourced software development and related consultancy services to a variety of sectors. Partners Group is a global private markets and investment management company. CPPIB is a professional investment management organisation that invests assets transferred to it by the Canadian Pension Plan. The Commission concluded that the proposed acquisition would raise no competition concerns because of the limited overlap between the companies’ activities. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.8972.

 

STATEMENTS

 

President Juncker to the European Parliament on occasion of the start of the Austrian Council presidency

Austria took over the Presidency of the Council of the EU on 1 July, and Chancellor Sebastian Kurz presented the country’s programme of activities to the Plenary of the European Parliament on Tuesday, 3 July. On the occasion, President Juncker welcomed the Austrian presidency in his keynote speech, and said: “I look forward to this Austrian Presidency […] I have known Sebastian Kurz for many years and I know that he is led by European convictions. The same is true for the Austrian Federal Government. […] The government program of the Austrian Federal Government has a clear pro-European tonality.” “[…] We will have to work together a lot. The Commission’s offer is that we do this in friendship and in mutual understanding, and I am convinced that we will succeed,” President Juncker continued, as he highlighted the Commission would propose strengthening the European border and coast guard in September. He also said that he would like to see the conclusion of the reform of the Common European Asylum System by the end of the year. President Juncker also pleaded for a consistent focus of the Austrian Presidency on the advancement of the next multiannual financial framework. In this context, he said: “If we finish too late and are not ready on 1 January 2019, we lose thousands of research grants in Europe and we will not be able to support tens of thousands of students and teachers with the Erasmus program.”The debate with MEPs was followed by a joint press conference by Presidents Juncker and Tajani with Austrian Chancellor Kurz. President Juncker and the College of Commissioners will pay an official visit to Vienna at the end of this week. The keynote speech by President Juncker is available online and can be watched on EbS.

MEX/18/4348

MAIN NEWS

Single Market: new EU rules guarantee less red tape for professional services

Yesterday the European Parliament, Council and Commission signed new rules into law to ensure that national regulation on professional services does not create unnecessary obstacles to the free movement of professionals. The directive requires Member States to thoroughly assess the costs and benefits of envisaged legislation on professional services by carrying out a “proportionality test”. Commissioner for the Internal Market, Industry, Entrepreneurship and SMEs Elżbieta Bieńkowska said: “The new Directive will help our professionals and particularly young graduates benefit from the Single Market. It will help Member States to design their legislation and boost Europe’s best asset, the Single Market. Better rules for professional services have the potential to create 700.000 jobs and lead to wider choice and lower prices for consumers.” The directive on a “proportionality test” guides Member States in regulating professional services and provides for transparency and involvement of interested parties when adopting new rules. The Commission tabled the proposal in January 2017 among other measures to give the EU services economy a fresh boost. Around 50 million people – 22% of the European labour force – work in professions to which access is conditional upon the possession of specific qualifications or for which the use of a specific title is protected (e.g. engineers, lawyers or architects). Regulation can be warranted for a number of professions, for example those linked with health and safety. But there are many cases where unnecessarily burdensome rules make it difficult for qualified candidates to access these jobs. This is also to the detriment of consumers. Under EU law, a Member State needs to establish whether new national professional requirements are necessary and balanced. The Directive ensures a coherent and consistent approach for this assessment by streamlining and clarifying how Member States should ensure that national rules on professional services are necessary and balanced. Member States have now two years to transpose the new rules into national law.

 

Better Regulation: REFIT Platform adopts new opinions for making EU laws more effective and efficient

The REFIT Platform, launched under the Juncker Commission’s Better Regulation Agenda, met today and adopted three new Opinions on how to make existing EU laws more effective and efficient in the fields of water, renewable energy and nature protection as well as health claims and the hygiene package. This brings the total number of REFIT Platform Opinions to 83.  The Commission will report on the follow-up to these new Opinions in the Work Programme for 2019 which it will adopt in October. Today’s meeting, chaired by First Vice-President Frans Timmermans, also included a discussion of the planned stocktaking of the Better Regulation Agenda and the contribution of the REFIT Platform to recent Commission proposals; in particular the 10 Opinions adopted by the REFIT Platform in the field of agriculture were discussed, and how they were taken into account in the reform of the Common Agricultural Policy (CAP) and the CAP programme in the Multiannual Financial Framework for 2021-2027. All Opinions can be found on the REFIT Platform website, and a video on the Platform’s role is available here.

Better Regulation: REFIT Platform adopts new opinions for making EU laws more effective and efficient

The REFIT Platform, launched under the Juncker Commission’s Betterr 2021-2027. All Opinions can be found on the REFIT Platform website, and a video on the Platform’s role is available here.

 

New EU rules ensure better protection for 120 million holidaymakers this summer

As of Sunday 1 July, travellers booking package holidays will enjoy stronger consumer rights. Not only will traditional package holidays be covered, the new rules will also protect consumers who book other forms of combined travel, including self-customised packages, where the traveller chooses different elements from a single point of sale online or offline. The new rules will also introduce protection for ‘linked travel arrangements’ when the traveller purchases travel services at one point of sale, but through separate booking processes, or, after having booked one travel service on one website, is invited to book another service on a different website. Vera Jourová, Commissioner for Justice, Consumers and Gender Equality said: “Booking your holidays online is easy, but if something goes wrong you want to be sure to be fully protected. The new package travel rules are now adapted to the digital age and the new ways of booking holidays. Travellers will also benefit from new rights and be well protected in case the operator goes bankrupt. The new rules will also make it easier for travel businesses to offer their services cross-border.” The new rules will benefit consumers even more with, for instance: stronger cancellation rights, money-back and repatriation in case of bankruptcy or accommodation if the return journey cannot be carried out. The new rules will also benefit businesses, with clearer rules making cross-border activities easier or modernised information requirements. A press release and factsheet are available online.

 

Juncker Plan gives boost to medical university in Poland and agricultural feed producer in France

The European Investment Bank (EIB) Group has signed two new agreements under the Juncker Plan’s European Fund for Strategic Investments (EFSI). First, it is providing a €27.3 million loan to Poznań Medical University to help it build a new medical simulations centre and research laboratories as well as to upgrade two of its hospital wards. Second, just two months after announcing a loan programme set to mobilise €1 billion in investment in the bio-economy sector, the EIB has signed the first deal under this programme: a €50 million loan for the Roullier Group in Brittany, France, to finance their research and development activities for their animal and plant feed products. Commenting on the Poznań Medical University deal, Vytenis Andriukaitis, European Commissioner for Health and Food Safety, said: “As a former cardiac surgeon, I can whole-heartedly understand the importance of research and advancement in medical science to ensure high quality care and services. I am happy to see that Poznań will greatly benefit in these domains, thanks in part to a loan guarantee from the European Fund for Strategic Investments. Investing in this project is investing in the people of Poland, and Europe.” Full press releases can be found here.

 

 

Commissioner Mimica in Mauritania for the African Union Summit

On behalf of the European Union, Commissioner Mimica will participate in the 31st African Union Summit in Nouakchott, Mauritania. This summit will focus on combatting corruption and supporting Africa’s transformation towards sustainable development. Commissioner Mimica will also co-host together with African Union Chair, President Paul Kagame, the AU-EU joint side event “Women in Power”. A joint press release will be made available tomorrow here. Commissioner Mimica will also sign two programmes, for a total amount of €47.6 million under the 11th European Development Fund. Commissioner Mimica said: “Mauritania is a strategic partner for security and stability in the Sahel. It has designed a solid path towards sustainable development and recently adopted an ambitious new growth and prosperity strategy on which we are fully aligned. The two programs I will sign, amounting to €47.6 million, will improve the lives of citizens by promoting investments in rural areas and strengthening the judicial system.” During his trip to Mauritania, Commissioner Mimica will also meet the Prime Minister of Ethiopia and the President of Sierra Leone. He will also participate in the sixth Board Meeting of the Africa Renewable Energy Initiative. The press release and a factsheet are available online.

 

Trade: International meeting in Brussels to end trade in torture instruments

Representatives of the countries involved in the Alliance For Torture Free Trade are meeting today in Brussels to share expert information and exchange best practices related to the control of the trade in goods used for torture and capital punishment. The Alliance was launched during the UN General Assembly, in September 2017 as joint initiative by the European Union Argentina and Mongolia, and comprises now already nearly 60 countries. In her opening speech, Commissioner for Trade Cecilia Malmström reflected on the fact that trade policy cannot end torture by itself, but it can do its part in the broader fight. “I have long believed in using trade as a way to leverage change in the world. This is why we include provisions on the environment, human and labour rights, and other issues in our trade agreements. When it comes to fighting torture, trade can create an impact,” she said. The event is attended by a total number of 70 representatives from 38 different countries and the European Union, as well as non-governmental organisations working towards elimination of torture and defence of human rights worldwide. The Alliance aims to make it harder to trade in goods used for torture and capital punishment, to coordinate rules between countries and to exchange best practices. The participating countries have committed themselves to several goals, including controlling and restricting exports of items used for torture such as batons with metal spikes, electric shock belts, grabbers that seize people while electrocuting them, chemicals used to execute people and the forced injection systems that go with them. They also committed to set up a platform for customs authorities to monitor trade flows and identify new products on the market, to put appropriate legislation in place and to exchange practices for its efficient enforcement. The EU has in place since 2005 a tough legislation on trade in goods used for torture or the death penalty that has already reaped results. However, this legislation only applies in Europe. The Alliance is a way to prevent circumvention of existing rules, stop trade and restrict availability of such goods globally.

 

Eurostat: Over one third of EU’s population did not take a tourism trip in 2016

In 2016, 62% of the EU population (aged 15 or over) made at least one tourism trip for personal purposes. Half (50%) went on at least one domestic tourism trip with at least one overnight stay in 2016 and nearly one third (32%) took at least one trip abroad. Nearly half (48%) of the Europeans who did not make any trip reported that this was at least partially due to financial reasons. 20% of non-tourists mentioned health problems, while another 20% revealed that they did not want to travel. Other reasons for not taking a tourism trip included work or study commitments, brought up by 16%, while 13% mentioned family commitments. Financial issues are cited as the main obstacle for all age groups, except for those aged 65+ where health reasons are the most frequently mentioned barrier. This information, extracted from an article published by Eurostat, the statistical office of the European Union, shows a selection of data on tourism available at Eurostat. A Eurostat press release is available here.

 

Eurostat: Flash estimate – June 2018 – Euro area annual inflation up to 2.0%

Euro area annual inflation is expected to be 2.0% in June 2018, up from 1.9% in May 2018, according to a flash estimate from Eurostat, the statistical office of the European Union. Full text available here

 

Mergers: Commission clears acquisition of Minimax Viking by Intermediate Capital Group

The European Commission has approved, under the EU Merger Regulation, the acquisition of Minimax Viking of Germany by Intermediate Capital Group of the UK. Minimax Viking manufactures and supplies fire suppression systems and related detection and control systems. Intermediate Capital Group is active in assets management, with investment portfolios in Europe, Asia Pacific and the US. The Commission concluded that the proposed acquisition would raise no competition concerns because there is no overlap between the activities of Minimax Viking and Intermediate Capital Group. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.8943.

 

ANNOUNCEMENTS

 

Commissioner Moscovici in Athens, Greece

Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, will be in Athens from 2 to 3 July. The visit comes following the comprehensive agreement reached at the Eurogroup meeting of 21 June which provides the basis for a successful conclusion of the stability support programme for Greece in August. Commissioner Moscovici will hold a number of meetings while in Athens including with President Prokópis Pavlópoulos; Prime Minister Alexis Tsipras; and Mr Euclid Tsakalotos, Minister of Finance. He will also meet Mr Kyriakos Mitsotakis, President of New Democracy and Ms Fofi Gennimata, President of the Panhellenic Socialist Movement. Commissioner Moscovici will also participate in an exchange of views with members of the Hellenic Parliament. A series of factsheets on the stability support programme for Greece are available here.

 

Single Market: Commissioner Bieńkowska to participate in a Citizens’ Dialogue in Poland

Commissioner for the Internal Market, Industry, Entrepreneurship and SMEs Elżbieta Bieńkowska participates later today in a Citizens’ Dialogue in Opole (Poland) along with Danuta Jazłowiecka, Member of the European Parliament, and Andrzej Buła, Marshal Office of the Opolskie Voivodeship. The discussion will focus on the Single Market, Entrepreneurship and SMEs. It will take stock of the numerous successes of the Single Market achieved since its creation 25 years ago. There will also be ample opportunity to debate on the recent Commission proposal for the Single Market programme for the next long-term EU budget 2021-2027. The Citizens’ dialogue will start at 15.00 (CEST). Registration is open and you can watch the event live here.

MEX/18/4325

The European Council today adopted a decision on the composition of the European Parliament. The decision sets out the number of representatives in each member state to be elected to the European Parliament for the 2019-2024 parliamentary term.

The decision reduces and redistributes European Parliament seats following the decision by the United Kingdom to exit the European Union. The new composition will reduce the size of the European Parliament from 751 to 705 Members (MEP’s).

Of the 73 seats vacated by Brexit, 27 will be re-allocated to better reflect the principle of degressive proportionality.

The 27 seats will be distributed to France (+5), Spain (+5), Italy (+3), Netherlands (+3), Ireland (+2), Sweden (+1), Austria (+1), Denmark (+1), Finland (+1), Slovakia (+1), Croatia (+1), Estonia (+1), Poland (+1) and Romania (+1). No member state will lose any seats.

 

Background

According to the Treaty on European Union the number of Members of the European Parliament cannot exceed seven hundred and fifty (750), plus the President (+1). It provides for representation to be degressively proportional, with a minimum threshold of six (6) members per member state, and with no member state allocated more than ninety-six (96) seats.

Today’s decision will enable member states to enact the necessary domestic measures for organising the elections to the European Parliament for the 2019-2024 parliamentary term.

 

Numbers of Members per member state 2014-2019

Belgium                       21
Bulgaria                       17
Czech Republic           21
Denmark                     14
Germany                     96
Estonia                          7
Ireland                         13
Greece                         21
Spain                           59
France                         79
Croatia                        12
Italy                             76
Cyprus                          6
Latvia                            8
Lithuania                     11
Luxembourg                 6
Hungary                      21
Malta                             6
Netherlands               29
Austria                        19
Poland                        52
Portugal                      21
Romania                     33
Slovenia                        8
Slovakia                      14
Finland                        14
Sweden                       21

TOTAL                       705


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