An EU budget for the monetary union and the enlargement?

The budget of the European Union demonstrates its capacity for economic
performance and shows the member states’ will to enhance European integration.
Although the EU budget should be a basic tool for economic adjustment in
a monetary union, as well as creating a greater mobility in terms of production
factors and price flexibility, its core importance should have been reinforced by
the recent enlargement of the EU. However, the new political reality in Europe,
the current economic conditions and restrictive budgetary policy have worked
against the development of EU finances. In its present form, the 2007-2013
financial framework will not enable the EU budget to enhance economic and
social cohesion. Neither will it allow Europe to return to economic growth nor
meet the competitiveness and efficiency targets set in Lisbon.
Francisco Rodríguez Ortiz
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