Funding of the EU Common Foreign and Security Policy

Krzysztof Czubocha and Małgorzata Paszkowska
Additional contact information
Krzysztof Czubocha: Państwowa Wyższa Szkoła Zawodowa w Jarosławiu
Małgorzata Paszkowska: University of Information Technology and Management in Rzeszów

Financial Internet Quarterly, 2007, vol. 3, issue 2, 17-29

Abstract: Pursuant to the Maastricht Treaty of 1992, the Common Foreign and Security Policy or CFSP was established as one of the three pillars of the EU. The CFSP covers all areas of foreign and security policy. Its purpose is to enable the EU to become one of the leading world powers in political terms. The international position of the EU should commensurate with its economic might. To reach the goal considerable funding should be allocated to the CFSP. Nevertheless, the CFSP funding indicates that the EU is unable to be a global player which would compete with the United States for power as the EU fails to spend enough money on CFSP. Moreover, the lack of a common political will hampers activities of the EU in the field of international relations. The EU member states are attached to their sovereignty. As a result, states which do not agree with the direction of the CFSP are not obliged to participate in financing the operations which refer to military and defense issues. The EU is unwilling to participate in military actions. If a military solution to a conflict is necessary, the United States or NATO have to intervene. The EU prefers to concentrate on police missions, monitoring missions, rebuilding war-torn countries or supporting democracy through financial assistance.

Keywords: savings; economic growth; cointegration (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.wsiz.edu.pl/fiq/article/view/962 Abstract page (text/html)
https://journals.wsiz.edu.pl/fiq/article/download/962/915 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsz:fiq000:v:3:y:2007:i:2:id:962

DOI: 10.65748/fiqf-2007-0009

Access Statistics for this article

More articles in Financial Internet Quarterly from University of Information Technology and Management in Rzeszów
Bibliographic data for series maintained by Wiesław Stręciwilk ().