Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

IER Conference: « The economic crisis and the EU finances : predictible evolutions »

In the cycle of debates « Romania's policies » the European Institute of Romania (IER) in partnership with Economicfest organised a round table with the title 'The economic crisis and the EU finances: predictible evolutions'.

Starting from the issue discussed in the study 'The future of own resources of the European community, through the implications on Romania's contribution to the EU budget' made by the IER in the Project of Strategy and Policy Studies – SPOS 2009 the participants could express their opinions on the most recent evolutions in budget reform and EU finances.

Thus, according to Valentin Lazea (BNR): 'We are penalised by the financial markets, by the private capital for the figures of the deficit and public debt. That is why we have to reduce the deficit and the public debt not because the EU and IMF requires it but because financial markets do not consider states with no budgetary discipline. This is valid for the protesters who fight at the ministry of finances'. He also added 'this year there was a high degree of solidarity in the euro zone, as a proof the packages for Greece and the preventive intervention fund: fortunately it was not used but we see what the situation in Ireland is, where the deficit is over 30% of GDP. The contributing countries to these funds will require more discipline on the part of the beneficiaries. On the other hand, we speak about the European semester where each country has to present the budget in advance. Then we speak about the application of sanctions. This could mean: 1.no European funds which could turn into a fine and this could be done at present according to the law; 2.no voting right – this could be fining at the Lisbon treaty.'

In his turn, Niculae Done, KPMG consultant said that 'the beginning in the domain of financial resources of the EU was given by OPEC. Then they discussed how to manage the resources. Then the tax on agricultural produce was introduced,then customs taxes for imported products. Today we are talking about the EU as a terriory with borders at peripheral states. These two categories of taxes were named traditional financial resources. They do not rely on the companies or the people's shoulders' Dorin Mantescu, MFP thinks that 'the European budget cannot be in deficit, while the member states could. The medium-term framework – national budget is of 3-5 years at the level of the EU 5-7 years. There is a monetary policy which complicates these aspects even more'. According to his opinion 'the main problems in the past – no sanctions, even if they were included in the law. Implicitly the whole framework had to suffer. The financial crisis amplified the imbalances'.

Sursa: http://www.actmedia.eu

Tags: financial crisis could finances european mfp kpmg bnr euro

Articole similare