The EC's Budget in the Move to a Single Market

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Abstract
This article will consider the approach of 1992 and the single market from the perspective of the community budget. It will begin by recalling the distinctive characteristics of that budget and the way in which argument about it dominated the EC agenda throughout the 1980s up until the Brussels European Council meeting held between 11 and 13 February 1988. It will then consider the relationship between the decisions taken in Brussels and the wider issue of the creation of a single market. In particular, it will examine the issue of resource availability and will argue that the budgetary framework established in Brussels significantly contributed to modifying the extent and nature of community policies in a way which will continue to be felt after 1992. It will conclude by arguing that the process initiated in Brussels has widened the acquis communautaire and altered the balance between autonomy and interdependence in the community in the run‐up to the creation of the single market.

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