In this episode of ‘The Sound of Economics’, Bruegel director Guntram B. Wolff talks with Lars Hoelgaard, former deputy director general at DG AGRI, regarding the possibilities for reforming the EU’s Common Agricultural Policy and the consequences for the new Multiannual Financial Framework.
Europe needs to have its Italian voice. A stable government is required not only to pursue domestic policies and remain fiscally prudent but also to negotiate on euro-area reform, priorities in the EU budget and intensifying competition in global trade.
There will be a €94 billion Brexit-related hole in the EU budget for 2021-27 if business continues as before and the United Kingdom does not contribute. The authors show that freezing agriculture and cohesion spending in real terms would fill the hole, but new priorities would then need to be funded by an increase in the percent of GNI contribution.
Which should be the priorities for the Multiannual Fiscal Framework post 2020?
Bruegel deputy director Maria Demertzis hosts this episode of 'The Sound of Economics', with Gideon Rachman, chief foreign affairs correspondent at the Financial Times, and Manfred Weber, chair of the EPP Group in the European Parliament, joining Bruegel director Guntram Wolff for a discussion of the future of euro-area governance.
Why did the eurozone have such difficulties coming to terms with its own shortcomings? The authors believe they have found part of the answer, through an algorithm-based cross-country media analysis.
On February 23, EU members began negotiations on the bloc's multiannual financial framework for 2021-2027. But, with all countries focusing on net balances – how much they receive minus how much they pay – will the composition of spending bear any relation to the EU’s stated priorities?
While the prospect of a gridlock reassured investors about the short-term risk of an anti-establishment government, Italy still needs a profound economic shake-up and is in no position to afford months or years of dormant governments.
The third event in the Bruegel - Financial Times Forum series looked into the future of euro-area governance.
As the debate on the EU 2021-2027 Multiannual Financial Framework gains momentum, we look at the major budget items and their effectiveness. The challenge for the future budget is to design spending programmes that are more efficient, effective and fair.
Bruegel director Guntram Wolff frames the two debates that will dominate the upcoming meeting of the European Council – the shape of the next EU budget, and the method by which a new European Commission president will be appointed.
The challenges that Europe faces both from within and from outside require immediate, concerted counter-efforts. While efforts to advance the European economic architecture are desirable and useful, can Europe realistically attempt to integrate further on the basis of such little trust?