Cretu: No cuts for cohesion funds, fresh money for new priorities

In an exclusive interview with EURACTIV, European Commissioner for Regional Policy Corina Crețu said that cohesion funds should not be reduced in the next EU budget as they form the backbone of the EU economy. Instead, member states should finance upcoming priorities with new money.

The Commission will table a formal budget proposal on 2 May. Most EU leaders accepted at the last EU summit that they will add more funds to the EU budget after 2020 but European Commission President Jean-Claude Juncker said that funds for farmers and cohesion would still be reduced.

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