For the MFF 2021–2027, Member States have decided not to increase the EU budget, despite the adverse consequences that the Great Recession had on many European territories. As a consequence, cohesion policy, in 2021–2027, will be too small a blanket to cater to the needs of the Eastern and Southern peripheries adequately.
«Political conditionality has been used to stave off some pressure by allowing stronger control on the policy. This in turn has allowed the policy to grow to be a successful institution. Was this a good deal or there are sunken costs whose consequences are still to unravel?»