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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessGerman FM: We Will Look To Ways to Unblock EU Funds
German Foreign Minister Heiko Maas has stated that the German government, in its capacity as chair of the European Council presidency, will 'continue to look for a solution to unblock EU funds'.
- This comes a day after the progress towards enactment of the next EU long-term budget was held up by the ambassadors to the EU of Hungary and Poland. The gov'ts of both countries had opposed the introduction of a mechanism linking EU fund distribution to rule of law provisions. As such, both the Hungarian and Polish ambassadors to the EU withheld their approval from a written procedure that would allow the European Commission to increase its Own Resources (capital raised by the Commission itself, rather than from member states).
- Without unanimity there it no path to progress for the long-term budget or its associated COVID-19 recovery package.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.