The COVID-19 Pandemic and Compliance of the System of Financing of the Еuropean Union with the Fundamental Aim of Cohesion and with the Fundamental Values of Equality, Democracy and the Rule of Law Cover Image

Пандемията КОВИД-19 и съответствието на системата на финансиране на Европейския съюз с основополагащата цел за кохезия и с основните ценности за равенство, демокрация и върховенство на правото
The COVID-19 Pandemic and Compliance of the System of Financing of the Еuropean Union with the Fundamental Aim of Cohesion and with the Fundamental Values of Equality, Democracy and the Rule of Law

Author(s): Dencho Georgiev
Subject(s): Politics / Political Sciences, Politics, Economy, Economic policy, Public Finances, Fiscal Politics / Budgeting
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Cohesion; Rule of Law; EU Multiannual Financial Framework; EU Own Resources
Summary/Abstract: The package of the European Union's Multiannual Financial Framework 2021-2027, including the Green Deal and the Own Resources Decision, was conceived as the EU's main response to address the devastating effects of the COVID-19 pandemic. However, the question arises as to what extent the acts of this package, as well as the system of the financing of EU policies as a whole, are consistent with the fundamental objectives and values enshrined in the Treaties on the European Union. In particular, in view of the expected deepening of economic, social and territorial inequalities as a result of the pandemic, it is of key importance to answer the question whether the MFF package complies with the fundamental aim of cohesion and solidarity between Member States in Article 3 of the EU Treaty, which in turn is based on the values in Article 2 TEU, including equality, democracy and the rule of law, which are at the top of the hierarchy of EU law. The paper offers answers to this question, paying particular attention to the requirement under Article 175 of the Treaty on the Functioning of the European Union that all EU policies (not only its cohesion policy) and actions, as well as the functioning of its internal market, are consistent with the objectives of cohesion and contribute to their achievement. What follows from this requirement is a sui generis primacy of the objectives of cohesion over the objectives of all other EU policies and activities.

  • Page Range: 68-83
  • Page Count: 16
  • Publication Year: 2022
  • Language: Bulgarian