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  • Most of the EU's policies are implemented by its member states, using their own budgets. However, there are certain things that can only be done by having an EU budget -- to finance issues that the member states cannot fund on their own or which they can fund more economically by pooling their resources through the EU budget. The EU budget is small (1.01% of EU gross national income -- GNI). The Eurozone debt crisis should thus be used as an opportunity to improve stabilization capacity of the EU budget according to fiscal federalism theory recommendations, moving the EU closer towards the last stage of the integration process, i.e. to a political union.
  • Most of the EU's policies are implemented by its member states, using their own budgets. However, there are certain things that can only be done by having an EU budget -- to finance issues that the member states cannot fund on their own or which they can fund more economically by pooling their resources through the EU budget. The EU budget is small (1.01% of EU gross national income -- GNI). The Eurozone debt crisis should thus be used as an opportunity to improve stabilization capacity of the EU budget according to fiscal federalism theory recommendations, moving the EU closer towards the last stage of the integration process, i.e. to a political union. (en)
Title
  • Time to Start a Serious Budget Debate? Opportunities and Pitfalls of the EU Polish Presidency from the Czech Perspective.
  • Time to Start a Serious Budget Debate? Opportunities and Pitfalls of the EU Polish Presidency from the Czech Perspective. (en)
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  • Time to Start a Serious Budget Debate? Opportunities and Pitfalls of the EU Polish Presidency from the Czech Perspective.
  • Time to Start a Serious Budget Debate? Opportunities and Pitfalls of the EU Polish Presidency from the Czech Perspective. (en)
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  • RIV/62156489:43110/11:00179264!RIV12-MSM-43110___
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  • policy paper; eurozone; EU budget; fiscal federalism (en)
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  • 43110
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