The EU is planning to shift the centre of gravity in structural funds allocation from the east to the south of Europe, the Financial Times reported on Monday.

In the 2021-2027 budget period, the main losers in the reallocation of the €350bn structural funds are expected to be the Visegrad Four: Poland, Slovakia, Czech Republic and Hungary. The Baltic States may also be affected.

The main winners will be countries like Greece, Portugal, Italy and Spain.

Overall, structural funds will be reduce...