Open Access 2016 | OriginalPaper | Chapter
Financial Crises and EU Credit Access Policy
The European Commission’s proposals for the 2014–2020 legislative framework aim to increase the flexibility of the regulation, taking into account national and sectorial peculiarities; they further seek to improve the coherence and consistency between instruments, raise visibility and transparency and reduce the number of instruments in order to ensure a sufficient critical mass in a context where the amount of funding available is scattered across a large number of regions and recipients.1