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This decision led the 2001 Treaty of Good so as to add a second paragraph to Article 191 of the Treaty on the Functioning of the European Union (on the time, the "Treaty establishing the European Financial Community") to explicitly allow the funding of European political events from the finances of the European Union. The brand new
paragraph said that "the Council, performing in accordance with the process referred to in Article 251, shall lay down the regulations governing political parties at European stage and in particular the foundations regarding their funding." The reference to "Article 251" refers back to
the co-determination procedure, which involves both the European Parliament and the Council as co-legislators.
In November 2003, the European Parliament and the Council of the European Union adopted
Regulation 2004/2003 "on the rules governing political parties at European degree and the principles regarding their funding".
In March 1976, the Federation of Liberal and Democrat Events in Europe was founded in Stuttgart by events from Denmark, France,
Germany Italy, Luxembourg, and the Netherlands.
Europe and inside the institutions of the European Union (EU).
Specifically, Regulation 1524/2007 clarified the funding framework and altered the co-financing rate, allowing public funding from the general
finances of the European Union to reach 85% of European parties' reimbursable expenditure.