By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Review of EU regional funding still on hold amid defence rerouting concerns
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > World News > Review of EU regional funding still on hold amid defence rerouting concerns
World News

Review of EU regional funding still on hold amid defence rerouting concerns

By Viral Trending Content 3 Min Read
Share
SHARE

The European Commission said more time is needed to present the review of its regional funding programme, which accounts for one-third of the EU budget.

A mid-term evaluation of the EU’s regional funding programme was initially scheduled for release this week, but was abruptly removed from the agenda of the College of Commissioners.

Speculation has emerged that concerns over potentially reallocating these funds for defence purposes contributed to the delay in the aftermath of the recent EU push on security amid geopolitical uncertainties.

“We are still working on this. It is a complex issue that requires proper consideration and the right approach,” said Commission Executive Vice-President Raffaele Fitto, who oversees the EU’s cohesion policy.

Speaking after the meeting of EU-27 regional policy ministers, he said: “We’re not in any rush to do it in one Commission meeting or another.”

The review is a crucial assessment conducted by the European Commission to evaluate the performance, effectiveness, and efficiency of the funds, which amount to nearly €370 billion for the 2021-2027 programming period, representing one-third of the EU’s long-term budget.

Defence concerns

The evaluation is seen as pivotal in the ongoing reform of the EU’s cohesion policy, as the Commission is reportedly exploring options to reallocate unspent funds to strengthen defence capabilities.

Recent discussions have suggested increasing flexibility in financing military mobility projects and dual-use infrastructure that could serve both civilian and defence purposes.

The Commission has also previously considered reallocating portions of the European Regional Development Fund (ERDF) and the Cohesion Fund (CF) for defence-related projects.

Traditionally, these funds are intended to reduce economic, social, and territorial disparities across EU regions by supporting investments in infrastructure and innovation. The potential redirection of funds toward defence has sparked debate among EU member states and regional authorities.

Katarzyna Pełczyńska-Nałęcz, Poland’s minister of regional Policy, chairing the ministerial meeting, said she is open to the possibility of using cohesion funds for defence and security.

“However, at present, we are focusing specifically on the Recovery and Resilience Facility (RRF) and the new security funds. Cohesion funds should primarily support the development of Polish [and European] regions,” she said.

Others have warned against diverting funds meant for long-term regional development.

“Shifting funds around is not the solution. If you simply divert resources from economic cohesion to defence, you risk undermining the very foundation of EU solidarity,” said Kata Tüttő, President of the European Committee of the Regions (CoR), who addressed ministers this morning.

You Might Also Like

A ‘glass-like’ battlefield: German Army chief on the future of warfare

How the U.S.-Israeli Strikes on Iran Have Damaged Schools and Hospitals

Lebanon Searches for Survivors After Israeli Barrage

Israel’s cabinet instructed ‘to begin direct negotiations’ with Lebanon, Netanyahu says

Watch: Orbán vs Magyar — where do Hungary’s rivals really stand on Europe?

TAGGED: Europe
Share This Article
Facebook Twitter Copy Link
Previous Article Dogecoin’s Supply Dynamics Shifts – Here Are The Key Levels To Watch Out For
Next Article Noted economist honored by Trump warns his 25% tariffs could add $4,711 to the cost of a vehicle
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
Business
Apple AI Pin Specs Leak: Dual Cameras, No Screen & More
Tech News
A ‘glass-like’ battlefield: German Army chief on the future of warfare
World News
Polymarket Sees Record $153M Daily Volume After Chainlink Integration
Crypto
Natasha Lyonne Then & Now: See Before & After Photos of the Actress Here
Celebrity
Cult Hit Doki Doki Literature Club Fights Removal From Google Play Store Over ‘Depiction Of Sensitive Themes’
Gaming News
Dead as Disco Launches Into Early Access on May 5th, Groovy New Gameplay Released
Gaming News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
April 10, 2026
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?