EU’s budget framework 2014-2020 approved by EP

Two and a half years of intense negotiations, since the Commission had tabled its proposals on 29 June 2011, have come to an end: The European Parliament voted in favour of the EU's Multiannual Financial Framework (MFF) for the years 2014 to 2020 on Tuesday, 19 November. The consent of the EP clears the way for the final approval by the Council in the coming weeks. It also clears the way for the programming process of ETC programmes, as it provides the legal basis for the funds to be managed by the programmes.
More info:

• Infographic on the new Cohesion Policy
  
• Cohesion policy 2014-2020: Total Allocations table
  
• EP Press release on the endorsement of the Cohesion Policy Reform and the Strategic Framework