Lithuanian Presidency to start negotiations on the FEAD
The Committee of Permanent Representatives (COREPER I) mandated the Lithuanian Presidency to start discussions with the European Parliament and the Commission in order to reach an agreement in first reading regarding the Proposal for a Regulation on the Fund for European Aid to the Most Deprived (FEAD). Chair of Permanent of COREPER I ambassador Arūnas Vinčiūnas noted the importance of completing the inter-institutional negotiations as soon as possible, so that the Fund can start functioning in time as of January 2014.
Taking into account the diversity of social systems within the EU, the Council suggests to broaden the scope of the Fund, so it would finance not only food and basic goods but also social inclusion activities, and it is up to each Member State to define the most deprived persons. The Council foresees mandatory participation of all Member States in the Fund. In the period of 7 years (2014-2020) almost 3,5 billion euros will be distributed through the Fund.
The first informal trilogue, attended by representatives of the European Parliament, the Council and the Commission, is scheduled for 16 October.