Challenges for the new budget perspective
- redistribution of income, or creating new areas of growth

The Hungarian and Polish Presidency in 2011 will take place under the motto of negotiating a new perspective of the European Union's budget for the years of 2014 - 2020. The discussions about the necessity of reducing the contributions of 'netto paying' states and cuts in the EU spending will newly revive. The answer will be a call for European solidarity and the need to equalize the standard of living throughout the Community. For the countries of Central Europe the new perspective is the last chance to catch up with the rest of Europe.

• How to finance expenses of the Community in terms of the budget deficit reduction of the Member States?
• Is the European Union's cohesion policy at risk? If not, then how can it be maintained?
• Will the European Union invest in research and development, or on the classic redistribution of income? How will decide this?
• Will the new budget continue the perspective of the current line or will it respond to the nowadays challenges?
• Will the economy of the European Union regain the vigor and become a new driving force of integration?
• Which mechanisms which currently exist will be used to answer the economic problems of the forthcoming years? If so, what role will this play in Poland and Hungarian Presidency?

Europe under special control
- models of governance, economic government, and the future of the monetary union.

The debt crisis in Greece as well as in other European states has exposed the weakness of the mechanisms of European governmentality. The European Union has found itself in trouble. The euro area is experiencing the worst economic period seen since its inception. A new dividing line has appeared, which no longer separates the members of the European Union into the developed West and the underdeveloped East. Rather, it creates a new division between states that are able to self-govern effectively (North) and those unable to do so (South). The creation of a new European financial mechanism, of a single economic government of the European Union, fiscal tightening and the creation of mechanisms to suspend the voting rights or membership in a monetary union could substantially change the management model of the European community.

• Will the EU dare to initiate the procedure for the exclusion of unreliable union members from the euro area?
• Should those states, contributing the most to the aid fund, be given greater control over the needy members of the Community?
• Will the euro-zone divide into well-managed North and the mismanaged South?
• Is there a need to pull economic sovereignty further? If so, what kind?
• Should Germans still feel responsible for the future of European integration?
• What role will Poland play in this process?