No. 34 The future of the Common Agricultural Policy 22 ANALYSIS AND PROSPECTIVE STUDIES CULTIVAR — a €409 billion fund to finance competitiveness projects through calls for projects launched by the Commission, Commission. In that case, finance ministers will be tempted to propose to heads of State and government even sharper cuts in funding — a fund of €293 billion for defence, civil protection, etc. — a fourth fund, worth 200 billion, for the EU's external actions for the benefit of third countries, half of which would be allocated to Ukraine to prepare for its accession to the Union. — 168 billion for the The €2 trillion financing presented by the European Commission is based on contributions from Member States, new European loans and growth in own resources. The vast majority of Member States have already expressed their opposition to the idea of financing based on new European loans, which would increase their own indebtedness. allocated to the various European policies, if it is necessary to maintain a consistent competitiveness fund and the effort in relation to Ukraine. The question of the size of the competitiveness fund suggested by the European Commission will certainly also arise. As proposed, this fund is largely unaffected, as it is a common fund that is not pre-distributed among Member States. payment of the European Union debt under the EU Next Generation plan, aimed at addressing the effects of the COVID-19 crisis, — 49 billion euros for Erasmus+ training actions. A European budget proposal without funding The financing of these €2 trillion presented by the European Commission is based on contributions from Member States, new European loans and growth in own resources. The vast majority of Member States have already expressed their opposition to the idea of financing based on new loans Depending on the capacity that each Member State considers it has to raise its funding when the time comes, the position of the heads of State and government may vary. An over sight:agriculture as a driver of European competitiveness Still in relation to this fund, it is important to note the absence of any real reference to agriculture as a driver of European competitiveness. This point raises even more questions given that, at the same time, the bioeconomy is one of the pillars of the transition of the European economy to a carbon-neutral economy which would increase their own indebtedness. Furthermore, the estimate of expected own resources is particularly ambitious, if not unrealistic. ... it is important to note the absence of any real reference to agriculture as a driver of European competitiveness. and the growth cementing this bioeconomy is an essential asset for increasing the Union's sovereignty. Without significant advances in European agricultural production and productivity, For these two reasons, it is to be expected that the European Council will revise the Commission's proposal downwards, not agreeing to a real increase in the level of Member States' contributions to ensure the effective financing of the expenditure proposed by the these guidelines risk being merely cosmetic or, at least, lead to a situation where the EU would simply be replacing its dependence on fossil fuel imports with a dependence on biomass imports.
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