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Parliament makes counteroffer on Horizon 2020 cuts

The European Parliament has put forward a proposal to cut €900m less from Horizon 2020 than originally intended, during discussions on the planned EU investment fund.

The Parliament, the Council of Ministers and the Commissions met twice yesterday (26 May) to try and hammer out a compromise on the European Fund for Strategic Investments. MEPs had previously opposed the Commission’s plan to use €2.7 billion from Horizon 2020 to fund Efsi, and are now seeking a compromise that will lessen the impact on research.

Under the Commission’s proposal, which has been supported by the Council of Ministers, €8bn in total would be taken from the EU budget, with €3.3bn to come from the Connecting Europe Facility and €2bn from the budgetary margins. However, the Parliament’s counterproposal is to make up this €8bn by taking €4bn from the budgetary margins, leaving only €4bn to be found from Horizon 2020 and the CEF in total, a parliamentary source has said.

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