In a speech to the European Parliament on 18th February 1987 the Commission President Delors publicly announced the Commission's proposals for a fundamental reorganization of the system of financing the Community and of Community budgetary policy. What is the background of these proposals? How...

The further development of the European Community that has been decided at the Maastricht summit will be impossible to realize without a significant increase in the EC budget and an adjustment to the financing system. What will be the additional financing requirement? How could the Community's...

In June 1988 the Council, the European Parliament and the Commission concluded an “Interinstitutional Agreement on Budgetary Discipline and Improvement of the Budgetary Procedure”. A key element of the agreement is a commitment to medium-term financial planning for the Community for the...