19 Apr 2022

Where the (euro) buck stops

Facing the next big crisis with a better EU budget

Jorge Núñez Ferrer

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The EU budget’s current financial architecture is inappropriate to effectively address the various crises it has faced in recent years. This CEPS Policy Brief presents some immediate actions to raise overall funding and to address the impacts of the war in Ukraine with unspent EU funds. It also calls for longer term reforms to support the creation of a budget fit to respond to the next wave of future challenges that the EU will undoubtedly have to face.