Title: Towards a new way to finance the EU budget? Reflections on the Monti Report. College of Europe Policy Brief #7.17, July 2017
Abstract: Executive Summary
> The current system of European Union (EU)
own resources is running out of steam and
contributes to exacerbating the tensions
between EU member states, especially net
contributors and net beneficiaries.
> The prospect of a Brexit should be considered
as an opportunity to reform the system in
order to simplify it, make it more transparent
and more democratic.
> As long as member states keep focusing on
accounting calculations, the EU budget cannot
be an efficient investment tool, enabling the
EU to deliver the full potential of its policies.
> The Monti Report, while not seeking to
increase the overall volume of EU spending,
aims at finding novel ways of financing the EU
budget, to make it less dependent on member
states’ contributions.
> In a general context of budgetary restrictions,
itseems most unlikely that member states will
agree on radically changing the EU’s own
resources, however – unless a strong political
will to deepen EU integration develops among
the EU-27.
Publication Year: 2017
Publication Date: 2017-07-01
Language: en
Type: article
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