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The EU financial perspective 2007-2013 and the forces that shaped the final agreement


  • Robert Ackrill
  • Adrian Kay


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.

Suggested Citation

  • Robert Ackrill & Adrian Kay, 2006. "The EU financial perspective 2007-2013 and the forces that shaped the final agreement," Working Papers 2006/1, Nottingham Trent University, Nottingham Business School, Economics Division.
  • Handle: RePEc:nbs:wpaper:2006/1

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    References listed on IDEAS

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    3. Hyun Song Shin, 2008. "Prices Of State Contingent Claims With Insider Traders, And The Favourite-Longshot Bias," World Scientific Book Chapters,in: Efficiency Of Racetrack Betting Markets, chapter 34, pages 343-352 World Scientific Publishing Co. Pte. Ltd..
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    5. Law, David & Peel, David A, 2002. "Insider Trading, Herding Behaviour and Market Plungers in the British Horse-Race Betting Market," Economica, London School of Economics and Political Science, vol. 69(274), pages 327-338, May.
    6. Terrell, Dek & Farmer, Amy, 1996. "Optimal Betting and Efficiency in Parimutuel Betting Markets with Information Costs," Economic Journal, Royal Economic Society, vol. 106(437), pages 846-868, July.
    7. Vaughan Williams, Leighton, 1999. "Information Efficiency in Betting Markets: A Survey," Bulletin of Economic Research, Wiley Blackwell, vol. 51(1), pages 1-30, January.
    8. Shin, Hyun Song, 1991. "Optimal Betting Odds against Insider Traders," Economic Journal, Royal Economic Society, vol. 101(408), pages 1179-1185, September.
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    11. Michael Cain & David Law & David Peel, 2003. "The Favourite-Longshot Bias, Bookmaker Margins and Insider Trading in a Variety of Betting Markets," Bulletin of Economic Research, Wiley Blackwell, vol. 55(3), pages 263-273, July.
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    Cited by:

    1. Andreas Dür & Gemma Mateo, 2010. "Bargaining Power and Negotiation Tactics: The Negotiations on the EU's Financial Perspective, 2007-13," Journal of Common Market Studies, Wiley Blackwell, vol. 48, pages 557-578, June.

    More about this item


    EU budget; financial perspectives.;

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F3 - International Economics - - International Finance
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents


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