w 109 long-run economic aspects of the european union's eastern ...

LONG-RUN ECONOMIC ASPECTS OF THE EUROPEAN UNION’S EASTERN ENLARGEMENTfor Agenda 2000 plainly illustrated that EU Member States were not ready toaccept the consequences of enlargement.Figure 7.1Net balances in 1997 compared with the Agenda 2000 proposals in the year2006 (1999 prices)BelgiumDenmarkGermanyGreeceSpainAgenda 2000proposals - year2006 EU 20FranceIrelandLuxembourgNetherlandsItalyAgenda 2000proposals - year2006 EU15138AustriaPortugalFinlandSwedenUKCEEC 5-20000 -10000 0 10000 20000million euro1997 realData source: Annex 5During the subsequent negotiations under the German Presidency, new proposalsfor budgetary rebate were tabled, as well as several other measures for reducingthe budgetary burden. These measures included:1 Changing the budget own resources system by scrapping the VAT resource andonly keeping the traditional own resources (TOR) and the GNP resources;2 Introducing a correction mechanism for ‘excessive net contributions’ forMember States; 73 Renegotiating the British budget rebate;