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Notes

Published online by Cambridge University Press:  11 September 2026

Nuno Palma
Affiliation:
University of Florida
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Summary

This concluding chapter argues that EU Cohesion Policy, despite its stated goal of reducing regional disparities, has failed and should be terminated. Consuming over a third of the EU budget, structural funds have not delivered convergence; instead, they have fostered dependency, misallocation, and a resource curse that undermines competitiveness and governance. The EU continues to promote unrealistic claims about cohesion’s benefits while neglecting its core mission: enforcing the Single Market. Evidence shows that subsidies distort incentives, delay reforms, and weaken accountability, harming both poorer regions and the EU as a whole. The utopian vision of equalizing Member States through transfers is unattainable and counterproductive. Ending Cohesion Policy would free resources for priorities such as science, innovation, demographic resilience, and defence – areas critical for Europe’s future. Reform faces strong political resistance from net beneficiaries and entrenched interests, but pressure from net contributors will eventually make continuation unsustainable. A serious intellectual debate is urgently needed. Cohesion Policy has failed for decades; prolonging it risks further economic stagnation and geopolitical vulnerability. The time to end Europe’s resource curse is now.

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  • Notes
  • Nuno Palma, University of Florida
  • Book: Europe's Poison Pill
  • Online publication: 11 September 2026
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  • Notes
  • Nuno Palma, University of Florida
  • Book: Europe's Poison Pill
  • Online publication: 11 September 2026
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Notes
  • Nuno Palma, University of Florida
  • Book: Europe's Poison Pill
  • Online publication: 11 September 2026
Available formats
×