The Fund for European Aid to the Most Deprived (FEAD) in 2014-2020 will be maintained at €3.5 billion, the same figure as in 2007-2013, under an informal deal concluded by Parliament and Council negotiators on Thursday. This should ensure that the Fund is fully operational from 1 January 2014.
EP and member state negotiators reached agreement on Tuesday afternoon on rules to allow EU workers who move to a different EU country to safeguard their supplementary pension rights. Negotiations had been deadlocked in Council for six years.
Commissioners Olli Rehn and Laszlo Andor came under fire from various quarters on Thursday when presenting the Commission's Annual Growth Survey to MEPs on the Economic and Monetary Affairs and Employment committees. Many MEPs disputed Mr Rehn's claim that economies were improving and critised the Commission for continuing to administer more of the same medicine. German centre-right MEPs chided the Commission for having taken aim at their country in its latest assessment of EU economies.
Twenty percent of European Social Fund (ESF) money will be used to combat poverty through labour market integration and at least €3 billion in ESF funding will be used to combat youth unemployment, according to an informal agreement with the Council approved by the Employment Committee on Monday. However, the minimum share of the EU cohesion policy budget to be allocated to the ESF for 2014-2020 will be decided by a plenary vote on Wednesday 20 November.