Our Magazine
Brussels Morning Online Newspaper
Thursday, February 25, 2021
No Result
View All Result
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Online Newspaper
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Online Newspaper
No Result
View All Result
Home EU Institutions Council

Economic outlook on ministers’ agenda – relations with Russia debated next week

Anna-Karin Friis by Anna-Karin Friis
15 February 2021
in Council
Economic outlook on ministers’ agenda – relations with Russia debated next week
Share on FacebookShare on Twitter

Brussels (Brussels Morning)

EU economic and finance ministers will discuss the economic situation on Monday, when they meet online, the result of prevailing pandemic-related travel restrictions in much of Europe. The EU’s economy stands to benefit from the recovery and resilience package that was finally adopted last week.

Each country will reveal how it plans to allocate and spend its share of the stimulus funding. The package comes with a precondition that requires the introduction of new sources of revenue for the EU budget in order to at least partly allay costs related to the recovery plan. The decision about the EU’s own resources is politically contentious and requires ratification by the national parliaments. In effect, it defers limited taxation right upon the EU. 

Traditionally, the EU’s own resources have been limited to customs duties and a percentage of VAT, as collected at the national level. Sceptics fear that the adoption of an EU-wide mechanism specifically for own resources could turn it into a permanent feature.

As yet, no further decisions have been made as to what the own resources tax base would be, whether based on a carbon tax or a so-called digital tax by taxing internet-based businesses or the like. The one stipulation is that the tax intake must not exceed 2% of combined EU GDP, the ceiling that limits the contribution to the EU budget. 

Foreign affairs ministers argue over Russia

On Monday of next week, EU foreign affairs ministers will be briefed by the beleaguered High Representative Josep Borrell about his visit to Russia and subsequent developments. Also China’s tightening grip on Hong Kong is on the agenda. Ministers will meet in person for the first time under the Portuguese EU presidency.

Brussels is also the location of the NATO defence ministers’ meeting this Wednesday and Thursday.

European Council President Charles Michel’s agenda includes a video conference on the G5 Sahel summit on Tuesday, a visit to Kraków, Poland, on Wednesday to celebrate the 30th anniversary of Visegrad cooperation, and a speech Friday at the Munich Security Conference, which this year is being labelled a “special edition” due to the pandemic restrictions. Michel will draft the agenda for the online meeting of EU leaders scheduled for Thursday and Friday of next week when the response to the corona pandemic will be discussed on Thursday 25 February, followed by a strategic debate on European security and defence policy on Friday.

Tags: Brussels DirectBrussels LatestMain-Slider
Anna-Karin Friis

Anna-Karin Friis

Anna-Karin Friis is the Brussels Morning Acting Editor- in-Chief and the Senior Brussels Correspondent. A Scandinavian journalist with background in broadcast media and experience in the External Action Service. She has a passion for lengthy reads and made her debut as an author with one published novel and another in the making.

Latest post

Spain announces billion-euro package to aid pandemic-hit businesses

Spain announces billion-euro package to aid pandemic-hit businesses

4 hours ago
Iraqi preacher found guilty of supporting terrorism in Germany

Iraqi preacher found guilty of supporting terrorism in Germany

4 hours ago

Most Read

  • Georgia committed and ready for NATO membership

    Georgia committed and ready for NATO membership

    0 shares
    Share 0 Tweet 0
  • The EU will not learn to speak the language of power as long as Germany does not

    0 shares
    Share 0 Tweet 0
  • For US Cybersecurity China is a bigger concern than Russia

    0 shares
    Share 0 Tweet 0
  • Consumption of plant-based alternatives is disconcerting to meat and dairy industries

    0 shares
    Share 0 Tweet 0
  • Biden Administration opens the door to international green energy know-how

    0 shares
    Share 0 Tweet 0

Subscribe
Facebook Twitter Youtube LinkedIn

About Us

Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

Category

  • Ambassador’s Corner
  • Commission
  • Council
  • Culture and Society
  • Diplomacy
  • Economy
  • EU Institutions
  • Europe
  • Europe With Transparency
  • Features
  • In Depth
  • Member States
  • Middle East Eye
  • Opinion
  • Our pick
  • Parliament
  • Place de la Bourse
  • Southeast Europe
  • Sustainable Perspective
  • The American Angle
  • The Macro-Economist
  • Uncategorised
  • US Elections
  • World

More info

  • About Us
  • Advertising
  • Cookies Policy
  • Contact Us
  • FAQ
  • Jobs

Brussels Morning Newspaper - All Rights Reserved © 2020

No Result
View All Result
  • Home
  • About Us
  • EU Institutions
    • Parliament
    • Commission
    • Council
  • Europe
  • World
  • Member States
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Sustainable Perspective
    • The American Angle
    • Southeast Europe
  • Magazine

Brussels Morning Newspaper - All Rights Reserved © 2020

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT