Oireachtas Joint and Select Committees

Tuesday, 6 March 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

EU Finances Post-2020: European Commissioner for Budget and Human Resources

3:15 pm

Mr. Günther Oettinger:

We are working with the formula of 1.1x% as there are several open points. In the next eight weeks I will travel to eight more member states to meet representatives of eight more national parliaments. For the moment I am being quite open and sensitive. There is the question of whether we should integrate the European development aid fund, as the Parliament is demanding. It represents a figure of about 0.03% of the whole dimension. Outside x would be different, as inside x should be. As I mentioned, there is a package coming on 6 December which will deepen European Monetary Union. It is developing three new financial instruments and we need a clear order or expectation from the eurozone Council as to which amount of money it would prefer for the reform delivery tool. It is to assist and invest when there is an asymmetric shock and so on. That will bring me to a concrete x which may be 1.11%, 1.17% or 1.19%

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