The budget of the European Union could function at half of the proposed cost to EU taxpayers while boosting economic growth, according to this report, 50:50 for 2020.
As European leaders gathered in Brussels for a second attempt at agreeing the block’s budget for the next seven years, the report’s author, Lithuanian economist Kaetana Leontjeva, said the EU’s proposals – that include €1.025tn of spending and retaining harmful tariffs and subsidy programmes such as the Common Agricultural and Fisheries policies - have failed to respond adequately to the economic crisis.
The study’s recommendations include:
- Scrapping duties on trade
- Abandoning proposals for new EU taxes
- Abolishing the Common Agricultural and Fisheries policies
- Reforming competitiveness and cohesion budgets
- Cutting salaries and perks of EU bureaucrats.
Newsletter, latest research and events