Publication

The authors argue that the outcome of the negotiations of the Multiannual Financial Framework 2014-2020 will define the potential role of the EU budget in responding to the economic crisis. There are three key points: 1. The persistence of several member states on "red lines" which they are unwilling to cross seems to manifest once more the status quo of the European budget structure; 2. A strong commitment to reinforce and implement the EU2020 growth strategy in all spending headings can be confirmed; 3. The current crisis is an opportunity to discuss new own resources for the EU, such as a financial transaction tax or a new value added tax resource.