ECB President Christine Lagarde will brief MEPs on the state of European and global economic affairs and the European Central Bank’s activities, followed by a debate with MEPs. On Tuesday, MEPs will adopt their annual set of recommendations for the ECB on which issues it should prioritise.

Debate on the state of the EU economy and ECB activities with Christine Lagarde

EP Plenary session - The EU’s post-2027 long-term budget: Parliament’s expectations ahead of the Commission’s proposal

EP Plenary session - Financial activities of the European Investment Bank – annual report 2024

EP Plenary session - A revamped long-term budget for the Union in a changing world

ECON - Exchange of views following the presentation of the 2024 Annual Report by ECB Vice-President, Luis De Guindos

EP Plenary session - Savings and Investments Union

Trilogue on the Reform and Growth Facility for the Republic of Moldova

EP Plenary session - European Central Bank – Annual report 2024, in the presence of Christine LAGARDE, President of the ECB

MEPs in the Budgets Committee (BUDG) discuss with Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration, the proposal for the post 2027 European Union long-term budget, i.e. the multi-annual financial framework (MFF) beyond 2027 and own resources, right after its adoption by the Commission. Catch-the-eye with Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration.

Multi-annual Financial Framework (MFF) beyond 2027 and Own Resources: Catch-the-eye with Piotr SERAFIN, European Commissioner for Budget, Anti-Fraud and Public Administration

MEPs outline their priorities ahead of the presentation by the Commission of its proposal on the next multiannual financial framework (MFF). They spell out their positions and expectations for the EU’s post-2027 long-term budget. Parliament adopted a resolution on the future MFF during its May plenary session, asking for a “significantly more ambitious” budget, and arguing that the current spending ceiling of 1% of the EU-27’s gross national income is not enough. MEPs also rejected the Commission’s idea of replicating the Recovery and Resilience Facility’s "one national plan per Member State" model in the EU’s new long-term budget. Instead, they demand a structure that ensures transparency and parliamentary accountability, and involves regional and local authorities.

Council and Commission statements - The EU’s post-2027 long-term budget: MEPs debate part 2

MEPs debate on Parliament's vision for the next multiannual financial framework (MFF). The parliamentarians aim to a more ambitious long-term EU budget to match EU citizens' expectations in an increasingly complex global landscape. The current budget ceiling of 1% of the EU-27’s gross national income looks insufficient to respond effectively to the growing range of crises and challenges. The text prepared by the Budgets Committee highlights that the United States’ retreat from its global role means EU spending will now have to address Russia’s war of aggression against Ukraine, in addition to a highly challenging economic and social backdrop, a competitiveness gap, and the worsening climate and biodiversity crisis. Parliament’s priorities for the next long-term EU budget are designed to feed into the Commission’s proposal on the next MFF.

A revamped long-term budget for the EU in a changing world: MEPs debate (part 1)

Tomas Tobé (TRAN A10-0005/2025) - Conclusion of an agreement between the European Union and the government of the People's Republic of Bangladesh on certain aspects of air services - Paulo Do Nascimento Cabral (PECH A10-0004/2025) - Conclusion, on behalf of the Union, of the Protocol (2024-2029) implementing the Fisheries Partnership Agreement between the European Community and the Republic of Cabo Verde - Borys Budka (ITRE A10-/) - Renewal of the Agreement on cooperation in science and technology between the European Community and Ukraine

Voting Session

Members of the European Parliament discuss the state of Europe’s economy with Christine Lagarde, President of the European Central Bank (ECB) and Maria Luís Albuquerque, Commissioner for Financial Services and the Savings and Investment Union, on how to improve competitiveness and the role monetary policy can play in achieving this. Closing statement by Maria Luís ALBUQUERQUE, European Commissioner for Financial Services and the Savings and Investment Union, Christine LAGARDE, President of the European Central Bank (ECB) and Anouk VAN BRUG (Renew, NL) Rapporteur

ECB – annual report 2024 in the presence of Christine LAGARDE, President of the ECB: Closing statement by Maria Luís ALBUQUERQUE, European Commissioner, Christine LAGARDE, President of the European Central Bank (ECB) and Anouk VAN BRUG, Rapporteur

Members of the European Parliament discuss the state of Europe’s economy with Christine Lagarde, President of the European Central Bank (ECB) and Maria Luís Albuquerque, Commissioner for Financial Services and the Savings and Investment Union on how to improve competitiveness and the role monetary policy can play in achieving this. Opening statement by Anouk VAN BRUG (Renew, NL) Rapporteur, Christine LAGARDE, President of the European Central Bank (ECB) and Maria Luís ALBUQUERQUE, European Commissioner for Financial Services and the Savings and Investment Union. This transcription is a result of an automatic process. Please check against delivery.

ECB – annual report 2024 in the presence of Christine LAGARDE, President of the ECB: Opening statement by Anouk VAN BRUG, Rapporteur, Christine LAGARDE, President of the European Central Bank and Maria Luís ALBUQUERQUE, European Commissioner

After her meeting with EP President Roberta METSOLA, ECB President Christine LAGARDE briefs MEPs on the state of European and global economic affairs and the European Central Bank’s activities, then debates with MEPs.

European Central Bank – annual report 2024: extracts from the meeting of Roberta METSOLA, EP President with Christine LAGARDE, ECB President and extracts from the debate

MEPs approve a deal on 2025’s EU budget to address current challenges and managing repayment costs for the EU’s recovery plan. During negotiations with member states, Parliament obtained more than €230 million in funding beyond the Commission's initial draft proposal, to better focus on key EU programmes and policies aimed at improving people's lives, boosting competitiveness, and addressing challenges like climate, health, migration or defence. Negotiators also agreed on a solution to cover repayment costs for the European Union Recovery Instrument (EURI). The preliminary figures are €199.44 billion in commitment appropriations and €155.21 billion in payment appropriations.

VAN BRUG, Anouk (Renew, NL)

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