Parliament approved in November 2013 the EU’s long-term budget for 2014-2020, providing €960 billion for European budgets over the next seven years. But what is the added value of investment flowing from the EU budget back to member states? What values should this investment support? These are the questions that were discussed on 5 December when the ReAct debate took place in one of Europe’s foremost financial centres, Frankfurt am Main in Germany. Read on for an overview of the issues
Most of the EU budget is invested back into the member states. Speakers at the Frankfurt conference said that in doing so the funds have to be effectively administrated.
The Frankfurt event was the third ReAct event. The first ReAct event took place in Paris and focused on employment; the second was in Warsaw and dealt with the EU’s role in the world.
ReAct conferences, organised by EP, bring together experts and ordinary people in debates that touch on the most important challenges that the EU is facing at the moment.