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Eurozone or EU budget? Confronting a complex political question

Wolff, Guntram B., (2017), “Eurozone or EU budget? Confronting a complex political question”, Bruegel, 29 June

The European Commission has just published its reflection paper on the future of the EU budget. It touches on many topics, but at its heart the paper is agonising over one political question: Should there be a euro-area budget distinct from the overall EU budget? And if so, what kind of interplay will there be between the two? Do really we need both or could all functions that a euro-area budget should fulfil be assigned to the EU level?

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