How close is the EU to agreement on spending one trillion euro?

The negotiations on the 2014-2020 multiannual financial framework (MFF) are critical to the current CAP reform process. These negotiations will determine the size of the financial envelope as well as many of the key parameters which will decide the future shape of the CAP.

I have previously commented on the slow progress of the MFF negotiations (see here and here). In principle, these negotiations need to be completed under the Cypriot Presidency by the end of this year, to allow the negotiations on the future CAP regulations to be completed under the Irish Presidency in the first half of next year, so that the necessary supplemental legislation as well as member state rural programmes can be passed and approved by the end of 2013.… Read the rest