European Committee of the Regions 31 March 2011, Opinion of the Committee of the Regions on ‘The EU budget review’

7.6.2011 EN Official Journal of the European Union C 166/9 Opinion of the Committee of the Regions on ‘The EU budget review’ 2011/C 166/03 THE COMMITTEE OF THE REGIONS — points out that the EU must have a credible budget beyond the 1% of EU GNI so that it can achieve the major European objectives in accordance with specific local needs and exercise its new powers resulting from the Lisbon Treaty;