
Navigating EU budget reforms: challenges, controversies, and future directions
Future is Blue
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Navigating the Complexities of the EU Budget
This chapter explores the historical context and challenges of the EU budget, focusing on the multi-annual financial framework established in 1988. It discusses recent shifts in budgetary practices, particularly with the Next Generation EU initiative, and the implications of member states' differing perspectives on borrowing and funding. The complexities surrounding 'own resources' and the limited influence of the European Parliament are also examined, revealing a stalemate in finding a cohesive strategy for future EU financing.
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