Publication

The authors of this paper contend that the times are hardly auspicious for making tough decisions about the future of the European Union’s finances. European integration is under stress in the light of the potentially debilitating debt crisis which threatens the long-term viability of the eurozone. In addition, the negotiations over the EU’s Multiannual Financial Framework (MFF)—an arduous, seemingly routine process, with scant possibilities for bold moves and widespread awareness about the limits of the eventual compromise, yet extremely prone to politicization—have become even more protracted as new actors, most notably the European Parliament, seek to gain additional prominence.