New principles of resource distribution in the EU and their impact on the countries of the Baltic region
The Multiannual Financial Framework for 2021—2027 was adopted during the severe crisis caused by the ongoing coronavirus pandemic. In the face of a rapidly deteriorating economic situation, EU countries took unprecedented steps radically changing the principles of resource allocation in the Union. T...
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| Format: | Article |
| Language: | English |
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Immanuel Kant Baltic Federal University
2022-03-01
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| Series: | Baltic Region |
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| Online Access: | https://journals.kantiana.ru/eng/baltic_region/5060/34875/ |
| _version_ | 1811304789615575040 |
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| author | Mark L. Entin Ekaterina G. Entina Vadim V. Voynikov |
| author_facet | Mark L. Entin Ekaterina G. Entina Vadim V. Voynikov |
| author_sort | Mark L. Entin |
| collection | DOAJ |
| description | The Multiannual Financial Framework for 2021—2027 was adopted during the severe crisis caused by the ongoing coronavirus pandemic. In the face of a rapidly deteriorating economic situation, EU countries took unprecedented steps radically changing the principles of resource allocation in the Union. These included the recovery plan for Europe, making the EU budget conditional on respect for the rule of law and the new EU resources system. This article seeks to identify the essential characteristics of the decisions made within the Multiannual Financial Framework and define their significance for advancing integration. The study attempts to answer two questions: do these decisions mark the transition to a new stage of integration and to what extent do they comply with the law of the Union. Several EU initiatives related to debt redistribution are analysed, along with the impact of these initiatives on Eastern European countries, particularly those of the Baltic Sea region. The research explores the decisions from the standpoint of legal and political science. In particular, it is stressed that, when reaching a compromise on making the budget conditional on respect for the rule of law, the EU and its member states had to use a mechanism for postponing the execution of an act of the Union, which contradicts the basic principles of EU law. From a political point of view, the adoption of a package of legislative acts within the Multiannual Financial Framework means growing dependence of the member states and an increase in solidarity and loyalty within the Union.
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| first_indexed | 2024-04-13T08:13:23Z |
| format | Article |
| id | doaj.art-2e507063023140a5b2be3cee70d8012f |
| institution | Directory Open Access Journal |
| issn | 2079-8555 2310-0524 |
| language | English |
| last_indexed | 2024-04-13T08:13:23Z |
| publishDate | 2022-03-01 |
| publisher | Immanuel Kant Baltic Federal University |
| record_format | Article |
| series | Baltic Region |
| spelling | doaj.art-2e507063023140a5b2be3cee70d8012f2022-12-22T02:54:52ZengImmanuel Kant Baltic Federal UniversityBaltic Region2079-85552310-05242022-03-0114112213710.5922/2079-8555-2022-1-8New principles of resource distribution in the EU and their impact on the countries of the Baltic regionMark L. Entin0https://orcid.org/0000-0001-9562-8340Ekaterina G. Entina1https://orcid.org/0000-0003-4198-4870Vadim V. Voynikov2https://orcid.org/0000-0001-9562-8340MGIMO-UniversityHigher School of Economics National Research University; Institute of Europe Russian Academy of SciencesMGIMO-University; Immanuel Kant Baltic Federal UniversityThe Multiannual Financial Framework for 2021—2027 was adopted during the severe crisis caused by the ongoing coronavirus pandemic. In the face of a rapidly deteriorating economic situation, EU countries took unprecedented steps radically changing the principles of resource allocation in the Union. These included the recovery plan for Europe, making the EU budget conditional on respect for the rule of law and the new EU resources system. This article seeks to identify the essential characteristics of the decisions made within the Multiannual Financial Framework and define their significance for advancing integration. The study attempts to answer two questions: do these decisions mark the transition to a new stage of integration and to what extent do they comply with the law of the Union. Several EU initiatives related to debt redistribution are analysed, along with the impact of these initiatives on Eastern European countries, particularly those of the Baltic Sea region. The research explores the decisions from the standpoint of legal and political science. In particular, it is stressed that, when reaching a compromise on making the budget conditional on respect for the rule of law, the EU and its member states had to use a mechanism for postponing the execution of an act of the Union, which contradicts the basic principles of EU law. From a political point of view, the adoption of a package of legislative acts within the Multiannual Financial Framework means growing dependence of the member states and an increase in solidarity and loyalty within the Union. https://journals.kantiana.ru/eng/baltic_region/5060/34875/european uniondebt socialisationmultiannual financial frameworksolidarityconditionalitycoronaviruseu recovery plan |
| spellingShingle | Mark L. Entin Ekaterina G. Entina Vadim V. Voynikov New principles of resource distribution in the EU and their impact on the countries of the Baltic region Baltic Region european union debt socialisation multiannual financial framework solidarity conditionality coronavirus eu recovery plan |
| title | New principles of resource distribution in the EU and their impact on the countries of the Baltic region |
| title_full | New principles of resource distribution in the EU and their impact on the countries of the Baltic region |
| title_fullStr | New principles of resource distribution in the EU and their impact on the countries of the Baltic region |
| title_full_unstemmed | New principles of resource distribution in the EU and their impact on the countries of the Baltic region |
| title_short | New principles of resource distribution in the EU and their impact on the countries of the Baltic region |
| title_sort | new principles of resource distribution in the eu and their impact on the countries of the baltic region |
| topic | european union debt socialisation multiannual financial framework solidarity conditionality coronavirus eu recovery plan |
| url | https://journals.kantiana.ru/eng/baltic_region/5060/34875/ |
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