Chapter 8: The financial aspects of enlargement: some remarks
8. The ﬁnancial aspects of enlargement: some remarks Michaele Schreyer The EU is now on the eve of enlargement. In October 2002 the heads of state and government of the member states conﬁrmed at the European Council Meeting in Brussels that the candidate countries Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, the Slovak Republic and Slovenia can join the European Union in 2004. They conﬁrmed that these states meet the political and economic criteria for joining and that they will be able to take over all obligations linked to membership by 2004. For Bulgaria and Romania progress was welcomed and the European Council conﬁrmed that the Union would support the countries in their eﬀorts to reach their target date of 2007 for accession. The summit also underlined the progress of reforms in Turkey. Now the ﬁnal negotiations have started – those on the ﬁnancial aspects of enlargement – and these relate to: ● ● ● how much funding the EU will oﬀer to the new members what they have to contribute, and what the cost will be for the EU-15. Before I go further, let me reﬂect a little on what exactly is meant by ‘costs of enlargement’. In the public debate this notion of ‘costs’ is often nebulous: very often, the forthcoming enlargement is associated with large, quasi-automatic and unpredictable money ﬂows from the old to the new member states, from rich to poor regions. When recently Europeans in all of the present member states...
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