On Thursday 23 November, the Commissioner for the Budget, Günther Oettinger, informed MEPs at the regional development committee that a 30% reduction would be very damaging to cohesion policy but that a 10% reduction could be envisaged.
On an internal basis, the European Commission is assessing the impact of several budget scenarios that range from some sort of status quo to a 30% reduction, including a 15% “reference scenario” (see EUROPE 11901). This reference scenario appears to be...