The future of EU finances – Cohesion policy after 2020:
On the 12th of March 2018, Commissioner for Regional policy Corina Creţu debated the future of cohesion policy at the General Affairs Council in Luxembourg. This was the last Council on cohesion before the Commission puts forward its proposal on the next long term EU budget, on the 2nd of May, with the post-2020 cohesion policy proposal following closely. Discussions focused on the future scope and priorities of the policy.
Commissioner Creţu stated her conviction that Europe furthermore needs a cohesion policy for all regions. But the status quo is not an option; the Commissioner highlighted the need for more flexibility, a more tailored approach to regional needs, with a new allocation method and new indicators for example, as well as a stronger link between cohesion policy and structural reforms. On priorities for investments; ”we know the growing impact globalisation is having on regions,” said the Commissioner, stressing the necessity to help regions achieve industrial transition, embrace innovation and invest in their people, with the help of smart specialisation. The Commissioner also mentioned the need for a long-term response to the migration challenge, supported by cohesion policy.
Source: European Commission- Daily News 12/04/2018