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Financial Resources

Reflection paper on the future of EU finances

Date of Editorial Board meeting: 
Publication date: 
Wednesday, June 28, 2017
Abstract in English: 
The EU budget faces a tough challenge to fund more with less. The EU is expected to play a bigger role in new policy areas like migration, internal and external security or defence. And Europe should also preserve its leading role on the global stage, as a major humanitarian and development aid donor and as a leader of the fight against climate change. That must be achieved with an EU budget that will only get smaller following the departure of the United Kingdom.
Today's reflection paper looks at this challenge and puts the key elements for discussion on the table, structured around the five scenarios of the White Paper: will the EU simply carry on, do less together, move ahead at different levels of intensity, do less but more efficiently or do much more together? Each of these illustrative scenarios would have different consequences - both in terms of how much to spend for what purpose, and on where the money could come from. Options range from reducing spending for existing policies to increasing revenues.
In addition, the reflection paper sets out the basic features of the EU budget and charts the principal trends and developments in key policy areas like cohesion or agriculture. It also addresses overarching issues like the added value of EU funding or the articulation between EU funding and structural reforms in Member States.
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Number of pages: 
40
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Circular economy in Europe — Developing the knowledge base

Date of Editorial Board meeting: 
Publication date: 
Monday, January 18, 2016
Abstract in English: 
The report describes the concept of the circular economy and outlines its key characteristics. It draws attention to both the benefits and challenges in transitioning to such an economy and highlights possible ways to measure progress.

Europe is bound to the rest of the world through multiple systems that enable two-way flows of materials, financial resources, ideas and innovation. As a result, Europe's economic, ecological and societal resilience is and will continue to be significantly affected by a variety of global and interdependent social, economic, political, environmental and technological trends.

Global material resource use in 2030, for example, is expected to be twice that of 2010 (SERI, 2013), while the most recent United Nations forecast suggests that the global population is likely to exceed 11 billion by the end of the 21st century (UN DESA, 2015). With 7.2 billion people today, however, the planet is already struggling to meet humanity's demands for land, food and other natural resources, and to absorb its wastes. Indeed, there is evidence that some planetary boundaries, which define a safe operating space for human development, may already have been transgressed. These include the biosphere's integrity, nitrogen and phosphorus cycles, climate change and land system changes
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Number of pages: 
42
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