IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

The New Eu'S Financial Perspective: Implications For Galicia

Listed author(s):
  • Espasa Queralt, Marta
Registered author(s):

    The financial perspectives are the budgetary reflection of the European Union’s political objectives in the medium term and, in turn, roughly determine the distribution of Community income and expenditure by country. This article seeks, firstly, to establish the European Union’s priorities, based on the financial perspectives for the 2007-13 period, and, secondly, to estimate their possible consequences for Spain and Galicia. The study shows that national interests took priority over Community concerns in approving these perspectives; whilst the political objectives set are highly ambitious, their budgetary reflection is extremely conservative, offering merely more of the same. Spain achieved a satisfactory outcome from this process, however with a continuing positive fis cal balance, the renewal of the Cohesion Fund and only a gradual reduction in aid to regions no longer eligible under Objective 1. Moreover, Spain was able to make technological innovation part of the cohesion debate, ensuring that this was reflected in the budget, as well as securing greater Community involvement in immigration issues. However, success for both Spain and Galicia with regard to the current perspectives will depend, to a large extent, on the internal measures taken to ensure that they benefit from the new opportunities presented by the new situation within the European Community.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by University of Santiago de Compostela. Faculty of Economics and Business. in its journal Revista Galega de Economía.

    Volume (Year): 17 (2008)
    Issue (Month): ex ()

    in new window

    Handle: RePEc:sdo:regaec:v:17:y:2008:i:ex_9
    Contact details of provider: Postal:
    Avda Xoan XXIII S/N, 15704 Santiago de Compostela

    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:sdo:regaec:v:17:y:2008:i:ex_9. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ana Iglesias Casal)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.