In its adoption, on Wednesday 26 June, of its reflection document on the future of the EU budget, the European Commission has presented several options involving a cut, post-2020, in the funding earmarked for traditional EU policies, the common agriculture policy (CFP) and cohesion policy (see EUROPE 11816). These cuts are absolutely necessary to pay for the EU’s new priorities, such as defence, security, tackling terrorism and managing flows migrants and refugees.
The Commissioner for the...