Multiannual Financial Framework post 2020

For the last five years, GLOBSEC, an independent, non-partisan NGO that builds on earlier work done by the Slovak Atlantic Commission, has organised a prominent international conference called the Tatra Summit, to discuss Europe’s most pressing political, economic  and financial affairs. This year’s summit, held 27-29 October, examined the ongoing multiple crises facing the European community these days: financial crisis, migration crisis, crisis of trust of EU citizens towards the common project, to name just a few examples. CEPS Senior Research Fellow Jorge Núñez Ferrer was asked to moderate a panel at this prestigious event devoted to the “Multiannual Financial Framework post 2020 – Balance between political ambition and realism”. The debate among the panellists – Kristilina Georgieva (Vice President of the Commission), Jean Arthuis (Chair of the Budget Committee of the EP), Louis Grech (Deputy Prime Minister of Malta) and Peter Javorčik (Permanent Representative of Slovakia to the EU) – underlined that the EU budget suffers from a deep crisis, but rather than simply a technical crisis, it is one of trust by the citizens. The mainstream political class in general and the EU institutions are losing support. Building trust is the single most important task for the future to counter the rising populism and forces wanting to dismantle the European Union. And the EU budget is one of the most visible tools used to express the principles of the EU in concrete action and its improvement is therefore essential for building trust. The debate was also marked by the resignation of VP Georgieva before the panel discussion, giving the session an extra dimension.