Glossary

F

Framework programmes

'Framework programmes' (FPs) have been the main financial tools through which the European Union supports research and development activities covering almost all scientific disciplines. For more information please visit: TUBITAK and 7th Framework Programme.

Framework Contract

The plan puts forth the necessary activities and resources to reach the objectives and results of a project. It is a contract signed according to the evaluation made within the framework of an expert portfolio to obtain the support of experts in various fields so that a project document can be prepared before the financing proposal is submitted to the EU Commission.

Four freedoms

One of the great achievements of the EU has been to create a frontier-free area within which (I) people, (2) goods, (3) services and (4) money can all move around freely. This four-fold freedom of movement is sometimes called “the four freedoms”.

Founding fathers

In the years following the Second World War, people like Jean Monnet and Robert Schuman dreamed of uniting the peoples of Europe in lasting peace and friendship. Over the following fifty years, as the EU was built, their dream became reality. That is why they are called the “founding fathers” of the European Union.

Feasibility

Feasibility expresses whether the objectives of a project are actually achievable.

Feasibility Study

Carried out during the evaluation phase, a feasibility study examines whether the proposed project is based on sound foundations and how capable it is to meet the needs of the designated target group or beneficiaries. A feasibility study must be planned in thorough operational detail, taking into account all political, technical, economic, financial, structural, institutional, administrative, environmental, and socio-cultural and gender aspects of the project. It should provide sufficient information to enable the European Commission and the partner government, who together may supply the funding of the project in the future, to adopt, change or refuse the project.

Federalism

Broadly speaking, this means any system of government where several states form a unity and yet remain independent in their internal affairs. People who are in favour of this system are often called “federalists”.A number of countries around the world – e.g. Australia, Canada, Germany, Switzerland and the United States – have federal models of government, in which some matters (such as foreign policy) are decided at the federal level while others are decided by the individual states. However, the model differs from one country to another.The European Union is not based on any of these models: it is not a federation but a unique form of union in which the member states remain independent and sovereign nations while pooling their sovereignty in many areas of common interest. This gives them a collective strength and influence on the world stage than none of them could have on their own.Part of the debate about the future of Europe is the question of whether the EU should or should not become’ federal’.

Financial Cooperation Committe...

The Financial Cooperation Committee comprises representatives of related bodies involved in EU funds management and has a coordinating, observing and assessing role in the use of financial resources.

Financial perspective

The word 'perspective' here really means 'plan'. The EU has to plan its work well in advance and ensure that it has enough money to pay for what it wants to do. Therefore, its main institutions (Parliament, the Council and the Commission) have to agree in advance on the priorities for the next few years and come up with a spending plan that is called a 'financial perspective'. This financial perspective states the maximum amount the EU can spend, and what it can spend it on.In a world of rising costs, the purpose of the financial perspective is to keep EU expenditure under control.

Financing Agreement/Memorandum

A Financing Agreement gives the description of a specific project or programme, which requires financial support. It is an official commitment by the European Union and the partner country to finance the project/programme within the framework of accepted, pre-determined plans and measures. Following the Commission’s decision to finance the project/programme, a Financial Memorandum is signed by the candidate country’s National Financial Aid Coordinator and the EU Commission. The Agreement has legal binding regarding the financial commitments.

Financing Phase

The fourth stage of a project cycle in which the financing of the project is approved.

Fortress Europe

This expression is often used to mean an attitude that wants to defend Europe from outside influences, especially cultural influences. The term 'Fortress Europe' often appears in discussions about asylum and immigration regulations.

Free trade area

This means a group of countries that have removed barriers to trade between them – barriers such as import tariffs and quotas. Several free trade areas have been established around the world: Mercosur in South America, Nafta in North America and EFTA in Europe, for example. The European Union is also a free trade area, but it is much more than that because it is built on a process of economic and political integration, with joint decision taking in many policy areas.