CoR reiterates opposition to any reduction to the cohesion budget for 2014-2020
President Valcárcel: "Cohesion budget is the main investment tool to overcome the economic crisis".
The Committee of the Regions has issued a stark warning against the on-going trend towards increasing cuts to the EU budget whilst reaffirming its commitment to ensure that cohesion policy delivers the expected results for sustainable growth and jobs.
President of the Committee of the Regions (CoR), Ramón Luis Valcárcel, drew attention to the potentially negative impact on cohesion policy caused by the progressively downsized allocations for the Multi-Annual Financial Framework (MFF) 2014-2020 since last July. "If this trend goes on, Europe's strategy for growth and jobs risk to be seriously compromised and the weakening of our main stimulus measures for growth could delegitimise the efforts for financial consolidation while harming economic recovery" said President Valcárcel.
CoR First Vice-President and MFF rapporteur, Mercedes Bresso, underlined this point noting that: "The commitment undertaken in June through the adoption of the Growth Compact must be consistently mirrored in the MFF and the crucial role of cohesion policy must be duly acknowledged through adequate funding. In order to reduce Member States' contributions to the European budget the EU's own resources should play a bigger role".
In view of the last delicate phase of the on-going MFF negotiations, the Committee of the Regions has reiterated its agenda which focuses on the following key points:
The Committee of the Regions
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