BRUSSELS, Sept 28 - European Union governments discussed on Thursday how to revamp EU decision-making and finances to be ready for new members as the Commission said it would propose cash and EU market access for candidates to speed up their membership preparations.
Eight countries currently have official EU candidate status - Turkey, Ukraine, Moldova, Albania, Bosnia and Herzegovina, Montenegro, North Macedonia and Serbia - while two, Georgia and Kosovo, are potential candidate countries. Guiding the talks on the EU's internal preparations is a paper prepared by French and German scholars which calls for a radical overhaul of the EU's decision-making and funding before it can accept more countries by a tentative deadline of 2030.
Varhelyi said after the meeting that despite such challenges the Commission believed accepting new members would not require changes to the EU treaties - a potentially long and complex process that itself requires unanimity. A similarly major change would happen to the EU's regional policy, under which poorer EU members receive money to raise their standard of living.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market mind: Dollar glimmers in broad market gloomGerman and Spanish inflation data and European consumer confidence data due today seem unlikely to pierce the gloom that's enveloped markets in recent days. Oil's spike to one-year highs has poured fuel on selling in the bond market and further pumped up the dollar, while global stocks have dropped for nine sessions in a row. The greenback stands at a 10-month high against a basket of other majors, and 10-year Treasury yields are hovering at a 16-year peak.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Market mind: Dollar glimmers in broad market gloomA look at the day ahead in European and global markets from Tom Westbrook German and Spanish inflation data and European consumer confidence data due today ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Stock futures tick higher after steep selloff: Stock market news todayStocks looked set to take a breather on Wednesday from steep losses fueled by concerns about economic impact of 'higher for longer' rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks seesaw as yields continue climb, oil hits fresh highs: Stock market news todayThe stock gains came in spite of a continued rise in the price of oil and an uptick in Treasury yields
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
US futures waver as oil rally hits pause: Stock market news todayWall Street stocks fought for gains on Thursday, struggling to shake off the downbeat mood hanging over markets despite a pullback in the oil rally.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock losses accelerate amid Fed fallout, shutdown worries: Stock market news todayStocks pulled back as Wall Street continued to face up to the prospect of a long period of high interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »