IDEAS home Printed from https://ideas.repec.org/a/dug/journl/y2011i5p95-102.html
   My bibliography  Save this article

Is the EU Budget Able to Support the Sustainable Development under the Global Crisis?

Author

Listed:
  • Vlad- Romeo IONESCU

    (Danubius University of Galati, Romania)

Abstract

The present global crisis changes the expectations connected to the economic trend across the EU. Many Member States see the EU budget as an instrument able to support their individual economic recovery. This paper analyses the viability of the EU budget to do this. The approach is a critical one. The paper is divided into three parts: first of them analyses the financial framework during 2007-2013 and its weaknesses connected to lack of flexibility, lack of focus on European priorities, severe delays and input over performance. A distinct part of the analysis is focused on the EU budget 2011 as the first budget voted under the Lisbon Treaty. Even that the EU budget 2011 draft was built based on an expenditures increase of 6.2%, the real final increase was only 2.9%. At least, the paper analyses the EU budget 2012 draft which will achieve 132.7 billion Euros (4.9% greater than in 2011) and will be focused on the supporting of the European economy and the EU citizens. The main conclusion of the paper is that the EU budget is far away of being an instrument against the present global crisis. The contradictions between the Member States can be found in the EU budget structure and financial allocation. The analysis in this paper is supported by European Council, European Commission and Eurostat official documents and database, by pertinent statistical tables and diagrams.

Suggested Citation

  • Vlad- Romeo IONESCU, 2011. "Is the EU Budget Able to Support the Sustainable Development under the Global Crisis?," EuroEconomica, Danubius University of Galati, issue 5(30), pages 95-102, December.
    • Handle: RePEc:dug:journl:y:2011:i:5:p:95-102
    as

    Download full text from publisher

    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/1146/961
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sapir, Andre & Aghion, Philippe & Bertola, Giuseppe & Hellwig, Martin & Pisani-Ferry, Jean & Rosati, Dariusz & Vinals, Jose & Wallace, Helen, 2004. "An Agenda for a Growing Europe: The Sapir Report," OUP Catalogue, Oxford University Press, number 9780199271498.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aschhoff, Birgit & Baier, Elisabeth & Crass, Dirk & Hud, Martin & Hünermund, Paul & Köhler, Christian & Peters, Bettina & Rammer, Christian & Schricke, Esther & Schubert, Torben & Schwiebacher, Franz, 2013. "Innovation in Germany - Results of the German CIS 2006 to 2010. Background report on the Innovation Surveys 2007, 2009 and 2011 of the Mannheim Innovation Panel," ZEW Dokumentationen 13-01, ZEW - Leibniz Centre for European Economic Research.
    2. López, Alberto, 2012. "Productivity effects of ICTs and organizational change: A test of the complementarity hypothesis in Spain," MPRA Paper 40400, University Library of Munich, Germany.
    3. Alessandro STERLACCHINI, 2006. "Innovation, Knowledge and Regional Economic Performances: Regularities and Differences in the EU," Working Papers 260, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    4. Bruno Amable, 2009. "The Differentiation of Social Demands in Europe. The Social Basis of the European Models of Capitalism," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 91(3), pages 391-426, May.
    5. Stojkoski, Viktor & Karbevski, Marko & Utkovski, Zoran & Basnarkov, Lasko & Kocarev, Ljupco, 2021. "Evolution of cooperation in networked heterogeneous fluctuating environments," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 572(C).
    6. Raquel Ortega-Argilés, 2022. "The evolution of regional entrepreneurship policies: “no one size fits all”," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(3), pages 585-610, December.
    7. repec:spo:wpmain:info:hdl:2441/6761 is not listed on IDEAS
    8. Dietmar Harhoff, 2008. "Innovation, Entrepreneurship und Demographie," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 9(s1), pages 46-72, May.
    9. Marco Buti & Werner Rüger & Alessandro Turrini, 2009. "Is Lisbon Far from Maastricht? Trade-offs and Complementarities between Fiscal Discipline and Structural Reforms," CESifo Economic Studies, CESifo Group, vol. 55(1), pages 165-196, March.
    10. Mojmir MRAK & Vasja RANT, 2006. "Challenges of EU and new member states in financial perspective 2007-2013: convergence and absorption of available cohesion resources," Departmental Working Papers 2006-09, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    11. Eloi Laurent & Jérôme Creel & Jacques Le Cacheux, 2005. "Delegation in Inconsistency : the 'Lisbon Strategy' Record an an Institutional Failure," Working Papers hal-00972772, HAL.
    12. repec:hal:spmain:info:hdl:2441/9769 is not listed on IDEAS
    13. Loukas Tsoukalis, 2006. "The JCMS Lecture: Managing Diversity and Change in the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 44(1), pages 1-15, March.
    14. Eloi Laurent, 2007. "From Competition to Constitution: Races to Bottoms and the Rise of 'Shadow' Social Europe," SciencePo Working papers Main hal-00972706, HAL.
    15. Jean Pisani-Ferry & Zsolt Darvas, 2011. "Europe's growth emergency," Bruegel Policy Contributions 623, Bruegel.
    16. Indhira Santos, 2009. "Reframing the EU budget- decision-making process," Bruegel Working Papers 306, Bruegel.
    17. Massimo Florio & Silvia Vignetti, 2008. "Building a bridge across CBA traditions: the contribution of EU Regional Policy," Working Papers 200908, CSIL Centre for Industrial Studies.
    18. Andrew Hughes Hallett, 2008. "Coordination without Explicit Cooperation: Monetary-Fiscal Interactions in an Era of Demographic Change," European Economy - Economic Papers 2008 - 2015 305, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    19. Seyed Peyman Asadi & Ahmad Jafari Samimi, 2019. "Lagging-behind Areas as a Challenge to the Regional Development Strategy: What Insights can New and Evolutionary Economic Geography Offer?," Papers in Evolutionary Economic Geography (PEEG) 1923, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2019.
    20. Harald Badinger, 2018. "European Integration and the Future Institutions of Europe," Department of Economics Working Papers wuwp264, Vienna University of Economics and Business, Department of Economics.
    21. Constant, Amelie & Zimmermann, Klaus F., 2005. "Immigrant Performance and Selective Immigration Policy: A European Perspective," National Institute Economic Review, National Institute of Economic and Social Research, vol. 194, pages 94-105, October.
    22. James Galbraith & Enrique Garcilazo, 2005. "Pay Inequality in Europe 1995-2000: Convergence Between Countries and Stability Inside," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 2(2), pages 139-175, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:journl:y:2011:i:5:p:95-102. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Nuta (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.