直接所得支払いとボンド・スキーム問題(3)(秋元英一先生退職記念号)

概要

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This paper aims to explore the merits and weak points of the current bond scheme proposal. It is necessary to point out both the merits and demerits of the bond scheme proposal. Therefore, the significance of the bond scheme proposal can be justly assessed. Subsequently, the 'Health Check' of CAP reform which will be implemented by European Commission in 2008/09 is examined. The complementary reform to the Fischler reform of 2003 is going to be implemented. This should be mid-term review of the Fischler reform. The policy distance between the current CAP system and the bond scheme proposal will come to be more and more diminished. Although there is a room for the dispute as to whether the bond scheme is simply a logical evolution of incremental CAP reform or a radical reform (a crucial break) from the existing CAP, the conclusion here is that the bond scheme will without doubt become one of the most important policy alternatives.