Quality instead of quantity?

The debate about the future role of cohesion policy went on in the last weeks and was pushed by some statements made by the german foreign minister.

The German minister of Foreign affaires, Dr. Guido Westerwelle, pleaded for a more focused EU budget policy to ensure competitiveness , jobs and growth in the EU. The aim should be a more effective and more flexible use of cohesion funding, especially in struggling european countries.

An article written by 12 EU/foreign ministers argues in a similar direction, advocating a fairer and more balanced budget which concentrates ressources on less-developed areas. In addition, they strongly make the point that cohesion policy is also for the sake of bigger european economies by increasing profits and wages there.

The Polish minister of regional development, Elżbieta Bieńkowska, also agrees with the proposed new direction of cohesion policy, but criticizes the planned monitoring of the financial aid programmes. Bieńkowska also stresses that due to the additional export, Germany profits most from the cohesion policy.

Thomas Adler

About Thomas Adler

Thomas Adler studied Philosophy & Economics and European History at the University of Bayreuth. He is interested in institutional economics, game theory, political philosophy and the history of economic thoughts.