Amidst a changed global environment and with the goal to defend its geopolitical weight, the EU should provide public goods with EU value added, so that efficiency gains can be achieved at the EU level. We propose an expanded EU budget to serve the dual role of more automatic stabilisation and the provision of EU public goods, where the European Parliament should have an enhanced role in setting investment priorities. We discuss three such areas of investment priority – infrastructure, defence and security, as well as research and development.
Authors
- Published in
- Belgium
Table of Contents
- LIST OF ABBREVIATIONS 6
- List of figures 8
- EXECUTIVE SUMMARY 9
- 1. Financing the EU’s GRowth model amidst global challenges 11
- 2. An EXpanded EU Budget to Provide European Goods and AUTOMATIC Stabilisation 15
- 2.1. The case for an expanded EU budget 15
- 3. Pan-european Public goods with EU VALUE ADDED 25
- 3.1. Infrastructure 26
- 3.2. Defence 32
- 3.3. Research and development 36
- 4. Conclusion 42
- REFERENCES 44
