Quo vadis, Cohesion Policy? European Regional Development at a Crossroads

Cohesion Policy seems to be on the backfoot: Given a raft of new policy priorities and tight-ening fiscal room to maneuver, a fundamental discussion on the relevance and future direc-tion of Cohesion Policy is underway. In this Policy Paper, I give an overview of the debate on the future of Cohesion Policy with its various trade-offs.