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The Real Budget Battle: Une crise peut en cacher une autre. CEPS Policy Briefs No. 76, 1 June 2005

Baldwin, Richard E. (2005) The Real Budget Battle: Une crise peut en cacher une autre. CEPS Policy Briefs No. 76, 1 June 2005. [Policy Paper]

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    In the view of Richard Baldwin, Professor of International Economics at the Graduate Institute of International Studies in Geneva, the failure of the European Council to agree the last-minute compromise on the 2007-2013 Financial Perspective may have been a blessing in disguise. In this new CEPS Policy Brief, he argues that things might have been even worse had they agreed, given the draft budget’s serious inadequacies and inequities. Namely, it attempted to skew EU spending to the disadvantage of new members, in particular by preventing the steady decline in CAP expenditures in favour of structural spending. This essay starts by describing what Baldwin believes is the heart of the budget battle and then argues that the newcomers’ voting power will be the key to budget priorities set in next Financial Perspective. The essay concludes with some proposals for radical changes that would help the EU avoid episodic budget crises, and a prediction as to what will actually occur.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > budgets & financing
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 15 Apr 2007
    Page Range: p. 21
    Last Modified: 15 Feb 2011 17:43

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