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Olimpia Fontana and Luca Gasbarro
April 2024
The debate on new own resources allocated to the European budget, ongoing even before the pandemic, has gained increased significance today. Firstly, following the implementation of the substantial recovery plan by the EU (Next Generation EU - NGEU), it became necessary to create new European public debt. The Commission issued bonds on behalf of the EU to finance this plan (€806 billion at current prices). A portion of these bonds (€338 billion) finances non-repayable transfers to Member States, and the related debt cost should be borne by the European budget, not member states. [...]
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This paper builds upon the chapter “The Fiscal Capacity of the European Union” in the Green Book in view of the tenth European elections 6-9 June 2024 ,published in March 2024 by the Movimento Europeo Italia (MEI). The chapter is the result of the collaboration between the MEI and the Centro Studi sul Federalismo, with the research contribution of Olimpia Fontana and Luca Gasbarro, as part of a working group coordinated by Giampiero Auletta Armenise (vice-president of MEI) and including Andrea Baschiera, Lea Cerin, Pier Virgilio Dastoli, Alberto Majocchi, Carola Picconi, Paolo Ponzano, Alberto Secli and Anna Maria Villa.
This paper builds upon the chapter “The Fiscal Capacity of the European Union” in the Green Book in view of the tenth European elections 6-9 June 2024 ,published in March 2024 by the Movimento Europeo Italia (MEI). The chapter is the result of the collaboration between the MEI and the Centro Studi sul Federalismo, with the research contribution of Olimpia Fontana and Luca Gasbarro, as part of a working group coordinated by Giampiero Auletta Armenise (vice-president of MEI) and including Andrea Baschiera, Lea Cerin, Pier Virgilio Dastoli, Alberto Majocchi, Carola Picconi, Paolo Ponzano, Alberto Secli and Anna Maria Villa.
