Commission proposes major changes to Cohesion Policy

The European Commission (EC) today presented the legislative package for cohesion policy 2014-2020. The proposal introduces several major changes to how cohesion policy works: a new categorization of regions, clear commitments on behalf of member states (MS) and penalties for those that fail to meet them. Specifically, payments may be suspended if MS fail to meet the commitments expressed in the so-called Partnership Contracts or when certain fiscal and economic conditions are not fulfilled.

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