Multiannual financial framework for the years 2007-2013

The Conciliation Committee was also not able to agree on the "Lisbon package" which aims to implement the budgetary and financial consequences of the new Treaty and consists of the following three pieces of texts:

• a draft regulation laying down the multiannual financial framework for the years 2007-2013;
• a new draft interinstitutional agreement between the European Parliament, the Council and the Commission on cooperation in budgetary matters;
• a draft regulation amending the financial regulation.

Despite the Council's willingness to discuss the question if and under which conditions the current possibility for the Council to adapt the multiannual financial framework within a margin for unforeseen expenditure by up to 0.03% of the Gross National Income (GNI) of the EU should be maintained, the Conciliation Committee did not reach agreement.