The EU Multiannual Financial Framework 2014-2020 - new challenges

A. Kowalski

Abstract: The global financial crisis and the euro zone crisis of 2010-2011 has forced the EMU countries and EU authorities, especially the ECB to seek new unorthodox measures. It has also resulted in IMF involvement and made leadership in the monetary union and the community at large a daily subject. This article discusses the EU financial perspective for 2014-2020 and the new challenges it brings. If Europe is to hold against its competition in the globalised world, it has to foster smart growth. In relation to this, the EU budget has to focus on added value, i.e. it has to determine in which areas one euro spent at the European level is more beneficial than the same at the national level. Poland is an active participant in the debate on the future of the budget. According to the Polish government, the EU should support cohesion policy, as it brings us closer to achieving social and economic cohesion, which would enable all member states to implement their priorities at a global level, including counteracting climate change and implementing internal reforms, e.g. the establishment of a free services market.

Keywords: challenges; change in European budget; Multiannual Financial Framework 2014-2020

Date published: 2018-01-31