Professor Iain Begg, affiliated with the London School of Economics, and Raymond Torres, Director of Funcas Europe, dive deep into the complexities of the EU budget. They discuss historical challenges and the urgent need for reforms to address future enlargements like Ukraine and Moldova. The contentious Common Agricultural Policy and new fiscal rules are explored, revealing the tension between traditional spending and emerging priorities. They advocate for innovative solutions to ensure sustainable and transparent EU finances amid these evolving challenges.