BR100 Decreased By (-0.14%)
BR30 Decreased By (-0.14%)
KSE100 Increased By (0.04%)
KSE30 Increased By (0.02%)
AGHA 6.50 Increased By ▲ 0.18 (2.85%)
BECO 4.41 Increased By ▲ 0.14 (3.28%)
BML 62.10 Decreased By ▼ -0.35 (-0.56%)
BOP 31.25 Increased By ▲ 0.02 (0.06%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 6.02 Increased By ▲ 0.30 (5.24%)
FCCL 60.66 Decreased By ▼ -0.88 (-1.43%)
FFL 14.88 Decreased By ▼ -0.14 (-0.93%)
FNEL 1.25 Increased By ▲ 0.02 (1.63%)
KEL 6.30 Increased By ▲ 0.04 (0.64%)
KOSM 5.74 Increased By ▲ 0.18 (3.24%)
LOTCHEM 24.78 Increased By ▲ 0.10 (0.41%)
MLCF 102.99 Decreased By ▼ -1.09 (-1.05%)
NBP 174.02 Decreased By ▼ -1.26 (-0.72%)
NCPL 53.00 Increased By ▲ 0.23 (0.44%)
NPL 54.49 Increased By ▲ 0.37 (0.68%)
OGDC 313.00 Decreased By ▼ -0.39 (-0.12%)
PACE 9.24 Increased By ▲ 0.04 (0.43%)
PAEL 35.48 Decreased By ▼ -0.32 (-0.89%)
PIBTL 13.65 Increased By ▲ 0.18 (1.34%)
PPL 220.83 Decreased By ▼ -0.98 (-0.44%)
PRL 80.35 Increased By ▲ 1.27 (1.61%)
PTC 46.73 Decreased By ▼ -0.12 (-0.26%)
SSGC 23.95 Increased By ▲ 0.08 (0.34%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.41 Increased By ▲ 0.02 (0.27%)
TPL 24.84 Decreased By ▼ -0.27 (-1.08%)
TPLP 12.88 Increased By ▲ 0.37 (2.96%)
TREET 26.09 Decreased By ▼ -0.16 (-0.61%)
TRG 54.05 Increased By ▲ 0.61 (1.14%)
World Print edition: 2020-02-18

EU to make getting funds conditional on respecting democracy

The 27 national leaders of the European Union will make access to funding in the EU's budget for 2021-27 conditional on respecting the rule of law, according to a draft joint decision prepared for their summit in Brussels on Thursday.
Published Updated

The 27 national leaders of the European Union will make access to funding in the EU's budget for 2021-27 conditional on respecting the rule of law, according to a draft joint decision prepared for their summit in Brussels on Thursday.

"A general regime of conditionality will be introduced to tackle manifest generalised deficiencies in the good governance of Member State authorities as regards respect for the rule of law," said the draft, seen by Reuters.

It would be up to the bloc's executive European Commission to recommend how to remedy any such problems and EU states would then decide by majority whether to back them, the draft said.

The 27 EU leaders will lock horns over the bloc's next budget on Thursday, with the proposal capping it at 1.094 trillion euros or 1.074% of EU gross national income. Few are pleased with the proposal, which needs unanimous backing, and expectations for a deal later this week are low.

Copyright Reuters, 2020

Comments

Comments are closed for this article.