Challenges of EU and new member states in financial perspective 2007-2013: convergence and absorption of available cohesion resources

Mojmir Mrak () and Vasja Rant ()

Departmental Working Papers from Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano

Abstract: The recent agreement on financial perspective 2007-2013 provided new member states with substantial cohesion resources to speed up their real convergence process. The primary objective of the paper is to explore key policy issues, faced by new member states, if they want to successfully absorb available cohesion resources in the next financial perspective and outline their key policy choices and possible outcomes in terms of convergence and stability. The secondary objective is to provide an overview of the financial perspective deal achieved under the UK presidency in light of the main economic challenges of the EU. The main conclusions are: first, new member states need to focus on restructuring their national budget expenditure, if they want to implement cohesion policy in the next financial perspective without compromising fiscal stability and, second, the deal achieved under the UK presidency is a far cry from the original proposal by the European Commission and from proclaimed key economic challenges of the EU for the future (particularly competitiveness), however, it still provides significant convergence support for new member states for a 7-year period.

Keywords: new member states; absorption capacity; cohesion policy; financial perspectives; economic challenges of the EU (search for similar items in EconPapers)
JEL-codes: F36 H50 H77 O10 (search for similar items in EconPapers)
Date: 2006-02-01
New Economics Papers: this item is included in nep-eec
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://wp.demm.unimi.it/files/wp/2006/DEMM-2006_009wp.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to wp.demm.unimi.it:443 (Bad file descriptor) (http://wp.demm.unimi.it/files/wp/2006/DEMM-2006_009wp.pdf [301 Moved Permanently]--> https://wp.demm.unimi.it/files/wp/2006/DEMM-2006_009wp.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mil:wpdepa:2006-09

Access Statistics for this paper

More papers in Departmental Working Papers from Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano Via Conservatorio 7, I-20122 Milan - Italy. Contact information at EDIRC.
Bibliographic data for series maintained by DEMM Working Papers ( this e-mail address is bad, please contact ).