First exchange of views at a formal General Affairs Council meeting
The presidency informed the Council of progress in technical discussions on the duration, structure and flexibility of the EU's next multiannual financial framework (MFF).
All delegations agreed with the proposed seven-year duration (2014-2020), which in their view strikes the right balance between stability and predictability in EU expenditure.
Ministers in general also welcomed the proposed structure of the next MFF.
Document for the discussion