The EU financial perspective 2007-2013 and the forces that shaped the final agreement
In December 2005, the European Council agreed a Financial Perspective for 2007-2013. This reduced significantly planned EU spending compared with the Commission proposal. Morover, if effectively redistributed net funds from new poorer member states to old richer members. This paper charts the evolution of those budget proposals, with reference to key facts that brough about these changes.
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