Commentary
Democratic Security
Bulgaria Votes – Russia Hopes for a New Orbán
16 April 2026
All eyes are now on Charles Michel, who is supposed to prepare a negotiating box to accelerate the discussion between member states leaders who will be prioritising between economic and ideational coherence.
The EU Heads of State or Government will be reconvening on an in-person summit on 17-18 July in Brussels after five months of video conferences to continue the debate on the new Multiannual Financial Framework (2021-2027) and the recovery fund responding to the COVID-19 crisis.
Shifting attention from loans and grants, the point of contingency is likely to emerge over the conditions attached to the funds to gain control over the 750 billion euros worth recovery fund branded by the Commission as the “Next Generation”.
Increase the resources ceiling
The stakes have considerably increased for the member states ever since their last in-person summit on MFF back in February. Now, former issues related to net transfers seem less relevant, as the European leaders are discussing allowing the European Commission to increase the resources ceiling and to borrow on capital markets to establish a new recovery instrument.
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