The CAP in the EU budget : new objectives and financial principles for the review of the agricultural budget after 2013

We are at the eve of a possible review of the EU budget and, at the same time, of a key CAP reform. The two issues are tightly connected and influencing each other and the outcomes will be mainly determined by the timing of the reforms. In this study we present some alternative scenarios that keep together different hypotheses of EU budget review and CAP reform, looking at how the net balances of Member States change accordingly. The instrument of the net balance is key in understanding the costs and benefits of the Member States in each scenario and their consequent positions in favour or against a reform proposal.