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Pre-allocated return flows vs. European public goods: How the veto impairs the quality of the EU budget

September 2020 • Tarschys Daniel

Analysis

The EU’s budget package adopted in July strengthens the Union’s financial capacity but contains concessions that imply cuts in investments for collective action. As long as each country has a veto right in the budgetary process, it will be hard to obtain resources for expenditures with a high European value added, argues Daniel Tarschys, senior advisor at SIEPS. (2020:10epa)

The long-term budget after COVID-19: The EU politicians’ guide to the galaxy

May 2020 • Tarschys Daniel

Perspective

The long-term budget has been stable over time, hovering around 1 percent of GNI. Its core may remain in that neighbourhood, but the galaxy of satellites around it seems much more expansive. With an emerging mix of grants and loans following the COVID-19 crisis, we may soon see a long-term budget in the vicinity of 2 percent, argues Daniel Tarschys, senior advisor at Sieps and a former Secretary General of the Council of Europe.

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