If European countries “flood” the crisis with money now, then this practice will backfire with a shortage of funds in 7 years.
Member of the European Parliament Markus Ferber said this in a commentary to Deutschlandfunk.
As previously reported by News Front, after long negotiations, the leaders of European countries still came to a compromise version of the seven-year EU budget plan in the amount of 1 trillion euros. In addition, 750 billion euros will be directed to the EU economic recovery fund.
The leaders of the Commonwealth countries call the decision successful, but Marcus Ferber thinks otherwise. As a member of the EP’s economic and monetary committee, he criticized the compromise budget, which would have “a very, very negative impact on Europe in the long run”. He drew attention to the fact that the budget was cut on seven points. Now this money has been redirected to the fund to combat the consequences of the pandemic, but this means a lack of funding in a number of areas.
In particular, the Frontex agency, which is responsible for the security of the external borders of the European Union, fell victim to the reduction. This is fraught with consequences, given the constant influx of migrants.
“Yes, this is an agreement when heads of state and government go home and say: I won, I have achieved great success for my country. There one sees something one, the other something else. Ms [German Chancellor Angela] Merkel also received something for the new federal states, additional structural funds. Mr. [Austrian Chancellor Sebastian] Kurz is the king of discounts. Everyone found something. But then this is not a European project, it is just a buffet of national egoism”, Ferber stated.