Friday, 8 February 2013

EU Budget: too long a period at a time of uncertainties


I should write about the EU budget 2014-2020, as approved today by the EU Council. And add that even if the total amount matters, what matters more is how money is allocated. How much money goes for the big issues that have a strategic impact over the future of Europe? That’s the key question.

And what are those issues?

First, those related to the economic disparities between different corners of the European space. How can we unite the Continent when some countries and regions are kept far behind in terms of development and the gap keeps increasing?

Second, investments in science and technological research. The future of Europe has to be built on a knowledge economy, not on steel and textiles. Unless, of course, if the textiles are at the sharp end of the creative industries, both in terms of design and advanced materials…

Third, funds and programmes for youth employment promotion, youth education for the jobs of the future, preparing a youth with a European mind-set and a global outlook.  

Fourth, internal security, including cyber-security, and security co-operation with the neighbours of the EU.
Fifth, a common external policy, including an effective development aid agenda and enough resources for humanitarian relief and response.

These are the budget lines we need to look at, as a matter of priority.

Having said that, I am also very concerned about a process that approves financial resources for a long period of time – seven years – when we live in a world that is changing rapidly. It is good to have a long term vision but it is better to have a system that is flexible and can be adjusted to respond to new challenges as they develop. I do not think the EU budgetary process is tailored for that. 

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