Carrying on
Partly modernised to reflect the reform agenda agreed at 27.

     Nothing but the single market
Refocused to finance essential functions needed for the single market.

     Those who want more do more
As in “Carrying on”; additional budgets are made available by some Member States for the areas where they decide to do more.

     Doing less more efficiently
Significantly redesigned to fit the new priorities agreed at the level of the EU27.

     Doing much more together
Significantly modernised and increased, backed up by own resources; a euro area fiscal stabilisation function is operational.