INSTITUTIONAL / Cohesion

Commissioner Crețu says post-2020 financial framework should be 1.2% of GNP if European goals are to be met

Brussels, 15/11/2017 (Agence Europe)

According to the Commission’s calculations, the next European budget should be 1.2% of member states’ GNP in an effort to maintain current policies and respond to emerging challenges, explained the Commissioner for Regional Policy, Corina Crețu, on Wednesday 15 November at the end of the General Affairs Council on cohesion policy.

The Commissioner referred to the question of post-2020 cohesion policy and stated, “The current budget is 1% of the EU 28’s GNP. Therefore, according to...