Judgment_paragraph 2 · Romania v European Commission (C-457/24 P)

2Article 85 of Regulation (EU) No 1303/2013 of the European Parliament and of the Council of 17 December 2013 laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund and laying down general provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund and the European Maritime and Fisheries Fund and repealing Council Regulation (EC) No 1083/2006 (OJ 2013 L 347, p. 320), entitled ‘Financial corrections by the Commission’, provides, in paragraph 3:‘When deciding on a financial correction under paragraph 1, the [European] Commission shall respect the principle of proportionality by taking account of the nature and gravity of the breach of applicable law and its financial implications for the budget of the [European] Union. The Commission shall keep the European Parliament informed of decisions taken to apply financial corrections.’