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 Full text 
Monday, 14 September 2020 - Brussels Provisional edition

Draft Council decision on the system of own resources of the European Union (continuation of debate)

  Andrey Novakov (PPE). – Mr President, we can already feel that the new European loan and new own resources are almost synonyms, right? I mean, let’s be honest, we need own resources in order to pay back the loan that we are going to take, because the situation for me looks like the crisis of 2007. You’re buying a house and then you’re facing the risk of not having an income to pay it back. We don’t want our children to pay it, nor the bank to take it away. So we need own resources to secure the future of the Union without taking hostage the budget and the payments of the Member States. That’s one thing.

By midnight tomorrow, this House I expect to unanimously adopt the position of the Parliament on REACT—EU. This is yet another example of cohesion policy securing the societies and the help of the Member States because of COVID – another example of cohesion policy saving our people. A huge part of that fund, of REACT—EU, is going to be taken from that loan. That is another reason to talk about carefully designed own resources which are going to support the budget without taking hostage the Member States’ payments to our budget. So we need another thing. We need the rule of law in that regulation, because our citizens have to be sure that there is transparency in every cent that we are going to spend. The European Union is not like a cat; we don’t have nine lives, so we have to act now.

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