The European Union Budget in Times of Crises

Robert Kaiser

Heiko Prange-Gstöhl

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With each Multiannual Financial Framework, the European Union determines its political priorities and the degree of solidarity amo...

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Description

With each Multiannual Financial Framework, the European Union determines its political priorities and the degree of solidarity among its member states for a period of seven years. This book analyses why it is the path-dependent structure of the financial framework that provides for necessary reforms of the budget under the condition of institutional stability. Based on its analysis, the book presents scenarios of stability and change for the 20212027 financing period.