Edition: International | Greek
MENU

Home » EU Actually

THE WEEK THAT WAS…

EBR Chief-editor’s Monday Morning Column, November 19. This week N. Peter Kramer writes about "Two groups of EU states fight over the Cohesion Fund"

By: N. Peter Kramer - Posted: Monday, November 19, 2012

The Friends of Cohesion are trying to preserve as much as they can of a European Commission proposal of €376 billion for cohesion funds in a draft 7 year budget of total € 1.033 trillion!
The Friends of Cohesion are trying to preserve as much as they can of a European Commission proposal of €376 billion for cohesion funds in a draft 7 year budget of total € 1.033 trillion!

Calling themselves the Friends of Cohesion, 14 government leaders from central and eastern EU countries and some representatives from the south met each other last week in the European Parliament building and plotted a strategy against a campaign to freeze the EU budget. The meeting came ahead of a special budget summit of the European Council at the end of this week. The Friends of Cohesion are trying to preserve as much as they can of a European Commission proposal of €376 billion for cohesion funds in a draft 7 year budget of total € 1.033 trillion! Poland’s Prime Minister, Donald Tusk, the non-official leader of the Friends of Cohesion, said ‘we are all here because we understand that cohesion policy equals growth and creation of jobs’. But Mr Tusk’s club faces another group of memberstates known as the Friends of Better Spending. This group counts only seven members but with a considerably influence because they are all so called ‘net contributors’ to the EU budget. These countries have less to lose if the summit this week ends without agreement. But it would be a problem for the cohesion programmes. The expectations are that the Friends of Cohesion coalition will splinter. The complexities of the budget process leave some of the members much more at risk from cuts than others. Charity starts at home, as the English say…

READ ALSO

EU Actually

Russia and China warn the EU about Euroclear billions

N. Peter KramerBy: N. Peter Kramer

Russian Prime Minister Mikhail Mishustin went on a working visit to Cina. After a meeting with his Chinese colleague Li Qiang in the city of Hangzhou, an extensive press release was published yesterday.

Europe

Can the EU Meet the Trump Moment?

Can the EU Meet the Trump Moment?

The second term of U.S. President Donald Trump is pushing Europeans to strengthen their capacity for collective action. But their biggest challenge comes from within: U.S.-backed radical-right parties that want to weaken the EU.

Business

China to loosen chip export ban to Europe after Netherlands row

China to loosen chip export ban to Europe after Netherlands row

Beijing has said it will loosen a chip export ban it imposed after Dutch authorities took over Nexperia, a Chinese-owned chipmaker based in the Netherlands.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2025. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron