A Better EU Budget

BRUSSELS – Stopping Europe’s economic decline and overcoming its competitiveness crisis will require radical solutions. But European Union leaders remain fixated on old priorities – a lack of vision evident in negotiations over the EU’s 2014-2020 Multiannual Financial Framework (MFF).

Once again, short-term national interests are taking precedence over the need for a forward-looking, flexible, and efficient EU budget. The European Parliament, which for the first time must approve the MFF, should use its new-found influence to uphold the EU-wide public interest and offset the blinkered, vested interests of individual member states.