Op-Ed: “The Protection of EU Financial Interests within Next Generation EU” by Aldo Sandulli
The Financialisation of the Rule of Law in Europe
Before the adoption of Regulation (EU, Euratom) 883/2013, safeguarding the financial interests of the European Union was an important but not a central issue, not least because the European budget was much smaller than those of the Member States themselves. In 2020, the EU had a turnover of 172 billion euros, while Amazon’s turnover was around twice as much (386 billion euros), and that of Germany was almost twenty times more (roughly 3,300 billion euros). In recent years, however, defending the EU’s financial interests has become increasingly important, even becoming, as it were, an ontological component of the European legal system.
In the rule-of-law model, financial and