CEPS © 2019

Banking fragility rooted in justice failures Evidence from Ukraine
Policy Contribution

Key challenges and opportunities for Cities and Regions and MFF post 2020

by Jorge Núñez Ferrer / David Rinaldi / Arndt Hassel / Martin Nesbit / Andrea Illes / Kamila Paquel
21 June 2017

Key challenges and opportunities for Cities and Regions and MFF post 2020

Jorge Núñez Ferrer / David Rinaldi / Arndt Hassel / Martin Nesbit / Andrea Illes / Kamila Paquel

This study, commissioned by the European Committee of the Regions, outlines the current challenges facing local and regional authorities and present some scenarios and policy options for re-structuring a multiannual financial framework that can help addressing social, economic and environmental issues at city and regional level.
 
1) The  EU needs to  continue promoting endogenous growth in its territories via a modern cohesion policy, and not simply hope for some solution when the socio-economic tensions due to rising disparities become untenable. ICT advances create new forms of collaboration and the EU should experiment with them, given its  social, political and territorial realities. 
2) To have the best financial instruments with best risk-bearing facility, it is better to have one European-wide fund for different investments, rather than small financial instruments that uses small amounts from the structural funds allocated to regions as guarantees. Managing  authorities should be able to create financial instruments from the large EU funds (a modified and expanded EFSI) with off-the-shelf solutions.d)
3) EFSI should have a ‘development window’, a guarantee structure designed for regions bearing higher risks.
4) Support for integrated programmes in cities should be expanded, which is one of the reasons for the need to simplify procedures and  make combining funds easier.
 
The report is available online on the website of the European Committee of the Regions. 

About the Authors


  • Author
    Jorge Núñez Ferrer Jorge Núñez Ferrer
    Jorge Núñez Ferrer
  • Author
    David Rinaldi
    David Rinaldi
    Associate Research Fellow
  • Author
    Arndt Hassel
    Arndt Hassel
  • Author
    Martin Nesbit
    Martin Nesbit
  • Author
    Andrea Illes
    Andrea Illes
  • Author
    Kamila Paquel
    Kamila Paquel
Key challenges and opportunities for Cities and Regions and MFF post 2020