The authors discuss Italy's potential recourse to disaster relief from the European Union Solidarity Fund in the wake of recent floods, focusing specifically on how much aid Italy might expect and under what terms.
Did EU funds play an important role in limiting the hit of the crisis on regional income?
This paper shows that economic convergence continued during the crisis for the EU as a whole, although at a slower pace, but for regions in the EU14, and especially in the euro area, convergence appears to have stopped during the crisis, or even switched to a divergence path.
EU funding for the UK has risen considerably since 2000, but funding predominantly goes to rural and less developed areas, meaning that Northern Ireland, Scotland and Wales receive more funding relative to their GDP than England.
The Crisis affected public spending. Research and innovation is one area often highlighted as needing protection. This column does not find strong evidence that European countries sacrificed research and innovation more than other government expenditure.
Are R&D budgets being smartly used to address growth? How is the crisis affecting public Research & Development budgets across the EU?
The issue: The European Union's pre-crisis growth performance was disappointingenough, but the performance has been even more dismal since theonset of the crisis.
Recently, a €10 billion ($13 billion) shortfall in this year’s European Union budget came to light. As a result, the EU cannot reimburse member states for recent unexpected expenditures, including emergency outlays, such as aid to Italian earthquake victims, and spending aimed at boosting economic growth and employment, such as the accelerated absorption of unused […]
The EU uses about one third of the EU Budget for cohesion policy. Those that are now fighting for a smaller EU Budget are also questioning the importance of Structural and Cohesion Funds and the extent to which they are truly growth-generating (and welfare-improving). The criticism is not unwarranted. For example, the empirical literature that […]
The EU is in the process of discussing the EU cohesion package for 2014-2020, the size of the total allocation, the allocation to individual member states and the working principles of the new cohesion policy. It is an important chapter for two reasons. First, there is still some way to go, as many EU countries […]
The European strategy for Greece took a new twist in the summer of 2011, as economic growth was included in the policy agenda. The rationale is self-evident. A severe macroeconomic adjustment like the one Greece has committed to is self-defeating if economic growth remains weak or is indeed further weakened by the huge fiscal consolidation […]