17 January 2022
Employment and social policy News

European Globalisation Adjustment Fund: Council agrees its position

The Council today agreed its position (partial general approach) on the European Globalisation Adjustment Fund (EGF). The fund is designed to support Member States where unexpected major restructuring events occur as a result of globalisation-related challenges. Among these are changes in world trade patterns, trade disputes, financial or economic crises or the transition to a low-carbon economy.

Pending further progress on the next multiannual financial framework (MFF), today’s agreement does not cover the budgetary aspects or provisions of horizontal nature.

https://www.consilium.europa.eu/en/press/press-releases/2019/03/15/european-globalisation-adjustment-fund-council-agrees-its-position/

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