The EU budget needs fundamental reform: an open letter to the European Council, the Council, the European Parliament and the European Commission. From the CEPS Task Force on Aligning the EU Budget with the Europe 2020 Competitiveness and Growth Objectives

At the inaugural meeting of the CEPS Task Force on Aligning the EU Budget to the Europe 2020 Competitiveness and Growth Objectives on May 17th, a consensus was reached that achieving the goals of Europe 2020 requires better targeting and concentration of EU spending programmes and an expansion of non-budgetary instruments. This Open Letter to EU leaders calls for serious reform of policies and a redistribution of funds towards areas of long-term sustainable growth and competitiveness.